Vault-13

INVESCO TR INVT GRADE MUNS VGM

COM · Closed-End Fund · CUSIP 46131M106

103 institutional holders -6 vs Q3 2025
12,972,52913.0m shares reported held*
$134.6mreported value*
7 new 35 added 26 reduced 15 sold out net sold ≈ $10.9m (-2.6m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $10.37.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 89Q4 22: 95Q1 23: 89Q2 23: 92Q3 23: 86Q4 23: 109Q1 24: 101Q2 24: 103Q3 24: 104Q4 24: 111Q1 25: 109Q2 25: 116Q3 25: 109Q4 25: 103103Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202289
Q4 202295
Q1 202389
Q2 202392
Q3 202386
Q4 2023109
Q1 2024101
Q2 2024103
Q3 2024104
Q4 2024111
Q1 2025109
Q2 2025116
Q3 2025109
Q4 2025103

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q1 24: 47 bought or addedQ1 24: 49 cut or sold outQ2 24: 43 bought or addedQ2 24: 41 cut or sold outQ2 24Q3 24: 51 bought or addedQ3 24: 38 cut or sold outQ4 24: 50 bought or addedQ4 24: 33 cut or sold outQ4 24Q1 25: 45 bought or addedQ1 25: 44 cut or sold outQ2 25: 57 bought or addedQ2 25: 43 cut or sold outQ2 25Q3 25: 45 bought or addedQ3 25: 41 cut or sold outQ4 25: 42 bought or addedQ4 25: 41 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20244749
Q2 20244341
Q3 20245138
Q4 20245033
Q1 20254544
Q2 20255743
Q3 20254541
Q4 20254241

Biggest buyers

Hennion & Walsh Asset Management, Inc. Added +470,277+470.3k
MORGAN STANLEY Added +99,657+99.7k
LPL Financial LLC Added +96,570+96.6k
Leo Wealth, LLC Added +79,256+79.3k
N.E.W. Advisory Services LLC Added +74,675+74.7k
GUGGENHEIM CAPITAL LLC Added +58,922+58.9k
AMERIPRISE FINANCIAL INC Added +49,963+50.0k
Focus Partners Wealth New +35,600+35.6k
VAN ECK ASSOCIATES CORP Added +30,992+31.0k
Claro Advisors Inc. Added +27,590+27.6k

Biggest sellers

Gridiron Partners, LLC Reduced -1,572,747-1.6m
RIVERNORTH CAPITAL MANAGEMENT, LLC Reduced -576,951-577.0k
Fiera Capital Corp Sold out -506,647-506.6k
TRUIST FINANCIAL CORP Reduced -274,968-275.0k
KENNEDY INVESTMENT GROUP, INC. Reduced -168,804-168.8k
Allspring Global Investments Holdings, LLC Reduced -155,584-155.6k
ABSOLUTE INVESTMENT ADVISERS, LLC Sold out -122,348-122.3k
MacKay Shields LLC Reduced -61,619-61.6k
MERCER GLOBAL ADVISORS INC /ADV Reduced -49,697-49.7k
Quarry LP Sold out -48,938-48.9k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
JPMorgan Chase Bank, N.A. 13G · institution filed 2025-09-08 100.0% 1.8k 2025-09-08

Insider purchases and sales in Q4 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GUGGENHEIM CAPITAL LLC 0.09% of their portfolio CHICAGO, IL 1,242,7141.2m $12.9m $12.9m 0.09% Added +58.9k +58,922
2 ROBINSON CAPITAL MANAGEMENT, LLC 5.08% of their portfolio GROSSE POINTE FARMS, MI 1,168,2611.2m $12.1m $12.1m 5.08% Added +1.3k +1,315
3 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 855,464855.5k $8.9m $8.9m 0.00% Added +96.6k +96,570
4 SIT INVESTMENT ASSOCIATES INC 0.15% of their portfolio Minneapolis, MN 723,224723.2k $7.5m $7.5m 0.15% Reduced -4.7k -4,732
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 644,709644.7k $6.7m $6.7m 0.00% Added +99.7k +99,657
6 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 599,549599.5k $6.2m $6.2m 0.00% Reduced -31.3k -31,287
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 568,689568.7k $5.9m $5.9m 0.00% Added +15.3k +15,267
8 Hennion & Walsh Asset Management, Inc. 0.18% of their portfolio Parsippany, NJ 498,772498.8k $5.2m $5.2m 0.18% Added +470.3k +470,277
9 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 475,197475.2k $4.9m $4.9m 0.00% Reduced -20.7k -20,711
10 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 432,699432.7k $4.5m $4.5m 0.00% Added +50.0k +49,963
11 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 371,022371.0k $3.8m $3.8m 0.01% Reduced -275.0k -274,968
12 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.18% of their portfolio WEST PALM BEACH, FL 364,777364.8k $3.8m $3.8m 0.18% Reduced -577.0k -576,951
13 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 344,315344.3k $3.6m $3.6m 0.00% Added +22.9k +22,859
14 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 311,378311.4k $3.2m $3.2m 0.00% Added +31.0k +30,992
15 MacKay Shields LLC 0.11% of their portfolio New York, NY 308,543308.5k $3.2m $3.2m 0.11% Reduced -61.6k -61,619
16 Leo Wealth, LLC 0.20% of their portfolio HURST, TX 261,050261.1k $2.7m $2.7m 0.20% Added +79.3k +79,256
17 GREATMARK INVESTMENT PARTNERS, INC. 0.31% of their portfolio COLUMBUS, GA 248,750248.8k $2.6m $2.6m 0.31% Unchanged
18 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 245,207245.2k $2.5m $2.5m 0.00% Added +1.0k +1,047
19 Advisors Asset Management, Inc. 0.03% of their portfolio Monument, CO 195,389195.4k $2.0m $2.0m 0.03% Reduced -2.7k -2,696
20 Melone Private Wealth, LLC 0.86% of their portfolio AUBURN HILLS, MI 195,377195.4k $2.0m $2.0m 0.86% Added +3.1k +3,067
21 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 171,781171.8k $1.8m $1.8m 0.00% Reduced -23.1k -23,120
22 Indiana Trust & Investment Management Co 0.50% of their portfolio MISHAWAKA, IN 163,647163.6k $1.7m $1.7m 0.50% Reduced -9.5k -9,500
23 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 159,679159.7k $1.7m $1.7m 0.00% Added +13.4k +13,388
24 Gridiron Partners, LLC 0.89% of their portfolio Wexford, PA 149,983150.0k $1.6m $1.6m 0.89% Reduced -1.6m -1,572,747
25 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 140,277140.3k $1.5m $1.5m 0.00% Reduced -155.6k -155,584
26 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 128,180128.2k $1.3m $1.3m 0.00% Added +12.9k +12,891
27 N.E.W. Advisory Services LLC 0.10% of their portfolio DE PERE, WI 124,460124.5k $1.3m $1.3m 0.10% Added +74.7k +74,675
28 Claro Advisors Inc. 0.16% of their portfolio BOSTON, MA 113,427113.4k $1.2m $1.2m 0.16% Added +27.6k +27,590
29 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 108,515108.5k $1.1m $1.1m 0.01% Unchanged
30 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 92,78692.8k $962.2k $962.2k 0.00% Reduced -8.8k -8,844
31 Cutler Capital Management, LLC 0.27% of their portfolio WORCESTER, MA 86,11786.1k $893.0k $893.0k 0.27% Unchanged
32 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 84,82184.8k $879.6k $879.6k 0.00% Unchanged
33 Tyche Wealth Partners LLC 0.14% of their portfolio PLANO, TX 82,09882.1k $851.4k $851.4k 0.14% Unchanged
34 Whipplewood Advisors, LLC 0.47% of their portfolio LITTLETON, CO 71,16071.2k $737.9k $737.9k 0.47% Reduced -340 -340
35 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 68,46968.5k $710.0k $710.0k 0.00% Reduced -834 -834
36 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 67,69467.7k $702.0k $702.0k 0.01% Added +11.9k +11,860
37 Capital Investment Advisory Services, LLC 0.05% of their portfolio RALEIGH, NC 66,40666.4k $688.6k $688.6k 0.05% Added +3.4k +3,358
38 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 61,48361.5k $637.6k $637.6k 0.00% Reduced -28.3k -28,302
39 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 58,71558.7k $608.9k $608.9k 0.00% Added +15.6k +15,645
40 CALTON & ASSOCIATES, INC. 0.08% of their portfolio Tampa, FL 54,48354.5k $565.0k $565.0k 0.08% Added +549 +549
41 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 51,26551.3k $531.6k $531.6k 0.00% Unchanged
42 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 41,44841.4k $429.8k $429.8k 0.00% Reduced -4.1k -4,100
43 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 40,81640.8k $423.3k $423.3k 0.00% Reduced -49.7k -49,697
44 MELFA WEALTH MANAGEMENT, INC. 0.22% of their portfolio WESTBOROUGH, MA 37,36037.4k $387.4k $387.4k 0.22% Unchanged
45 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 35,60035.6k $369.2k $369.2k 0.00% New
46 Sovereign Financial Group, Inc. 0.06% of their portfolio STAMFORD, CT 30,70330.7k $318.4k $318.4k 0.06% Added +372 +372
47 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 29,60629.6k $307.0k $307.0k 0.01% Unchanged
48 Burford Brothers, Inc. 0.12% of their portfolio DALLAS, TX 27,62527.6k $286.5k $286.5k 0.12% Unchanged
49 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 26,33926.3k $273.1k $273.1k 0.00% Added +1.6k +1,617
50 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 25,94525.9k $269.1k $269.1k 0.01% Reduced -1.5k -1,455
51 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 25,70725.7k $266.6k $266.6k 0.00% Added +13.9k +13,919
52 StoneX Group Inc. 0.01% of their portfolio NEW YORK, NY 22,80222.8k $236.5k $236.5k 0.01% Unchanged
53 Carroll Advisory Group, LLC 0.10% of their portfolio TEXARKANA, TX 22,64522.6k $234.8k $234.8k 0.10% First filing
54 WealthBridge Capital Management, LLC 0.05% of their portfolio WESTERVILLE, OH 22,50022.5k $233.3k $233.3k 0.05% Unchanged
55 Kercheville Advisors, LLC 0.06% of their portfolio San Antonio, TX 22,11222.1k $226.2k $226.2k 0.06% Added +30 +30
56 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 20,95321.0k $217.3k $217.3k 0.00% Unchanged
57 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 20,04120.0k $207.8k $207.8k 0.00% Added +22 +22
58 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 19,49619.5k $202.0k $202.0k 0.00% Reduced -3.9k -3,926
59 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 18,69418.7k $193.9k $193.9k 0.00% Unchanged
60 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 18,04118.0k $187.1k $187.1k 0.00% Added +803 +803
61 Cornerstone Wealth Management, LLC 0.01% of their portfolio ST. PETERS, MO 17,16517.2k $178.0k $178.0k 0.01% Added +2.1k +2,076
62 Compound Planning, Inc. 0.01% of their portfolio NEW YORK, NY 16,79616.8k $174.2k $174.2k 0.01% Added +227 +227
63 AlphaCore Capital LLC 0.00% of their portfolio LA JOLLA, CA 16,67416.7k $172.9k $172.9k 0.00% Added +311 +311
64 Wealth Alliance Advisory Group, LLC 0.03% of their portfolio Wichita, KS 15,73715.7k $163.2k $163.2k 0.03% Unchanged
65 Virtu Financial LLC 0.01% of their portfolio New York, NY 15,64315.6k $162.0k $162.0k 0.01% New
66 Institute for Wealth Management, LLC. 0.02% of their portfolio DENVER, CO 15,10015.1k $156.6k $156.6k 0.02% Unchanged
67 Closed-End Fund Advisors, Inc. 0.09% of their portfolio RICHMOND, VA 14,66314.7k $152.1k $152.1k 0.09% First filing
68 Dynamic Advisor Solutions LLC 0.00% of their portfolio PHOENIX, AZ 14,15014.2k $146.7k $146.7k 0.00% Reduced -100 -100
69 Capital Investment Advisors, LLC 0.00% of their portfolio ATLANTA, GA 13,79513.8k $143.1k $143.1k 0.00% Reduced -760 -760
70 Zullo Investment Group, Inc. 0.05% of their portfolio SCRANTON, PA 13,50013.5k $140.0k $140.0k 0.05% Unchanged
71 KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio BROOKLYN, OH 11,88311.9k $123.2k $123.2k 0.00% Unchanged
72 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 11,69211.7k $121.0k $121.0k 0.00% Reduced -3.0k -3,000
73 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 11,17611.2k $115.9k $115.9k 0.00% Reduced -1.6k -1,629
74 Catalina Capital Group, LLC 0.07% of their portfolio Torrance, CA 11,10411.1k $115.1k $115.1k 0.07% Added +54 +54
75 Alesco Advisors, LLC, An ESL Co 0.00% of their portfolio Pittsford, NY 11,00011.0k $114.1k $114.1k 0.00% Unchanged
76 WMG Financial Advisors, LLC 0.05% of their portfolio Knoxville, TN 10,87910.9k $112.8k $112.8k 0.05% Added +203 +203
77 KENNEDY INVESTMENT GROUP, INC. 0.04% of their portfolio WEST DEPTFORD, NJ 10,41910.4k $108.0k $108.0k 0.04% Reduced -168.8k -168,804
78 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 10,00010.0k $103.7k $103.7k 0.00% Unchanged
79 Camelot Portfolios, LLC 0.06% of their portfolio Maumee, OH 9,9009.9k $102.7k $102.7k 0.06% New
80 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 7,5007.5k $78.0k $78.0k 0.00% Unchanged
81 Mountain Hill Investment Partners Corp. 0.05% of their portfolio ATLANTIC HIGHLANDS, NJ 7,0007.0k $72.6k $72.6k 0.05% Unchanged
82 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 6,2276.2k $64.6k $64.6k 0.00% Unchanged
83 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 5,6885.7k $59.0k $59.0k 0.00% Added +5.0k +5,001
84 COMERICA BANK 0.00% of their portfolio DALLAS, TX 5,3705.4k $55.7k $55.7k 0.00% Added +2.5k +2,470
85 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 4,5004.5k $46.7k $46.7k 0.00% Unchanged
86 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 3,6863.7k $38.2k $38.2k 0.00% Added +19 +19
87 High Note Wealth, LLC 0.01% of their portfolio DEEPHAVEN, MN 2,6102.6k $27.1k $27.1k 0.01% Reduced -344 -344
88 EASTERN BANK 0.00% of their portfolio BOSTON, MA 2,1862.2k $22.7k $22.7k 0.00% Unchanged
89 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 2,0412.0k $21.2k $21.2k 0.00% New
90 Essential Investment Partners LLC 0.01% of their portfolio ENGLEWOOD, CO 1,5001.5k $15.6k $15.6k 0.01% First filing
91 SageView Advisory Group, LLC 0.00% of their portfolio Newport Beach, CA 1,3941.4k $14.5k $14.5k 0.00% New
92 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 1,1961.2k $12.4k $12.4k 0.00% Reduced -101 -101
93 CITY HOLDING CO 0.00% of their portfolio CHARLESTON, WV 1,0001.0k $10.4k $10.4k 0.00% Unchanged
94 HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio SHERMAN OAKS, CA 1,0001.0k $10.4k $10.4k 0.00% Unchanged
95 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 809809 $8.4k $8.4k 0.00% New
96 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 800800 $8.3k $8.3k 0.00% Unchanged
97 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 542542 $5.6k $5.6k 0.00% Added +42 +42
98 CVA Family Office, LLC 0.00% of their portfolio DENVER, CO 400400 $4.1k $4.1k 0.00% Unchanged
99 Smartleaf Asset Management LLC 0.00% of their portfolio BOSTON, MA 381381 $3.9k $3.9k 0.00% New
100 Mascoma Wealth Management LLC 0.00% of their portfolio HANOVER, NH 320320 $3.3k $3.3k 0.00% Unchanged