Vault-13

INVESCO TR INVT GRADE MUNS VGM

COM · Closed-End Fund · CUSIP 46131M106

110 institutional holders +7 vs Q4 2025
11,816,65211.8m shares reported held*
$116.7mreported value*
17 new 35 added 28 reduced 11 sold out net sold ≈ $12.4m (-1.3m 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 ($5.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.87.

Trends to Q1 2026

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: 103Q1 26: 110110Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026110

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 43 bought or addedQ2 24: 41 cut or sold outQ3 24: 51 bought or addedQ3 24: 38 cut or sold outQ3 24Q4 24: 50 bought or addedQ4 24: 33 cut or sold outQ1 25: 45 bought or addedQ1 25: 44 cut or sold outQ1 25Q2 25: 57 bought or addedQ2 25: 43 cut or sold outQ3 25: 45 bought or addedQ3 25: 41 cut or sold outQ3 25Q4 25: 42 bought or addedQ4 25: 41 cut or sold outQ1 26: 52 bought or addedQ1 26: 39 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20244341
Q3 20245138
Q4 20245033
Q1 20254544
Q2 20255743
Q3 20254541
Q4 20254241
Q1 20265239

Biggest buyers

Hennion & Walsh Asset Management, Inc. Added +479,443+479.4k
N.E.W. Advisory Services LLC Added +105,498+105.5k
Fiera Capital Corp New +89,170+89.2k
AMERIPRISE FINANCIAL INC Added +85,066+85.1k
HARBOUR INVESTMENTS, INC. Added +72,981+73.0k
Cetera Investment Advisers Added +58,961+59.0k
Leo Wealth, LLC Added +58,234+58.2k
Stratos Wealth Partners, LTD. Added +54,317+54.3k
MORGAN STANLEY Added +42,066+42.1k
Summit Trail Advisors, LLC New +41,046+41.0k

Biggest sellers

ROBINSON CAPITAL MANAGEMENT, LLC Sold out -1,168,261-1.2m
RIVERNORTH CAPITAL MANAGEMENT, LLC Sold out -364,777-364.8k
TRUIST FINANCIAL CORP Reduced -258,570-258.6k
LPL Financial LLC Reduced -164,954-165.0k
Allspring Global Investments Holdings, LLC Sold out -140,277-140.3k
MacKay Shields LLC Reduced -99,376-99.4k
GUGGENHEIM CAPITAL LLC Reduced -81,762-81.8k
SIT INVESTMENT ASSOCIATES INC Reduced -53,794-53.8k
Invesco Ltd. Reduced -51,085-51.1k
Indiana Trust & Investment Management Co Reduced -41,647-41.6k

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 Q1 2026

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 Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GUGGENHEIM CAPITAL LLC 0.09% of their portfolio CHICAGO, IL 1,160,9521.2m $11.5m $11.5m 0.09% Reduced -81.8k -81,762
2 Hennion & Walsh Asset Management, Inc. 0.32% of their portfolio Parsippany, NJ 978,215978.2k $9.7m $9.7m 0.32% Added +479.4k +479,443
3 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 690,510690.5k $6.8m $6.8m 0.00% Reduced -165.0k -164,954
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 686,775686.8k $6.8m $6.8m 0.00% Added +42.1k +42,066
5 SIT INVESTMENT ASSOCIATES INC 0.13% of their portfolio Minneapolis, MN 669,430669.4k $6.6m $6.6m 0.13% Reduced -53.8k -53,794
6 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 572,719572.7k $5.7m $5.7m 0.00% Reduced -26.8k -26,830
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 571,971572.0k $5.6m $5.6m 0.00% Added +3.3k +3,282
8 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 517,765517.8k $5.1m $5.1m 0.00% Added +85.1k +85,066
9 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 493,823493.8k $4.9m $4.9m 0.00% Added +18.6k +18,626
10 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 366,523366.5k $3.6m $3.6m 0.00% Added +22.2k +22,208
11 Leo Wealth, LLC 0.23% of their portfolio HURST, TX 319,284319.3k $3.2m $3.2m 0.23% Added +58.2k +58,234
12 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 313,044313.0k $3.1m $3.1m 0.00% Added +1.7k +1,666
13 GREATMARK INVESTMENT PARTNERS, INC. 0.29% of their portfolio COLUMBUS, GA 248,750248.8k $2.5m $2.5m 0.29% Unchanged
14 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 236,923236.9k $2.3m $2.3m 0.00% Reduced -8.3k -8,284
15 N.E.W. Advisory Services LLC 0.17% of their portfolio DE PERE, WI 229,958230.0k $2.3m $2.3m 0.17% Added +105.5k +105,498
16 MacKay Shields LLC 0.08% of their portfolio New York, NY 209,167209.2k $2.1m $2.1m 0.08% Reduced -99.4k -99,376
17 Advisors Asset Management, Inc. 0.03% of their portfolio Monument, CO 193,977194.0k $1.9m $1.9m 0.03% Reduced -1.4k -1,412
18 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 187,141187.1k $1.8m $1.8m 0.00% Added +59.0k +58,961
19 Melone Private Wealth, LLC 0.70% of their portfolio AUBURN HILLS, MI 172,859172.9k $1.7m $1.7m 0.70% Reduced -22.5k -22,518
20 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 169,229169.2k $1.7m $1.7m 0.00% Added +9.6k +9,550
21 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 162,832162.8k $1.6m $1.6m 0.02% Added +54.3k +54,317
22 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 149,384149.4k $1.5m $1.5m 0.00% Reduced -22.4k -22,397
23 Gridiron Partners, LLC 0.78% of their portfolio Wexford, PA 129,726129.7k $1.3m $1.3m 0.78% Reduced -20.3k -20,257
24 Indiana Trust & Investment Management Co 0.37% of their portfolio MISHAWAKA, IN 122,000122.0k $1.2m $1.2m 0.37% Reduced -41.6k -41,647
25 Claro Advisors Inc. 0.13% of their portfolio BOSTON, MA 112,530112.5k $1.1m $1.1m 0.13% Reduced -897 -897
26 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 112,452112.5k $1.1m $1.1m 0.00% Reduced -258.6k -258,570
27 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 98,92698.9k $976.4k $976.4k 0.02% Added +73.0k +72,981
28 Fiera Capital Corp 0.00% of their portfolio MONTREAL, A8 89,17089.2k $880.1k $880.1k 0.00% New
29 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 86,87986.9k $857.5k $857.5k 0.00% Added +25.4k +25,396
30 Cutler Capital Management, LLC 0.23% of their portfolio WORCESTER, MA 86,11786.1k $850.0k $850.0k 0.23% Unchanged
31 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 84,82184.8k $837.2k $837.2k 0.00% Unchanged
32 Tyche Wealth Partners LLC 0.12% of their portfolio PLANO, TX 82,09882.1k $810.3k $810.3k 0.12% Unchanged
33 Whipplewood Advisors, LLC 0.36% of their portfolio LITTLETON, CO 70,40870.4k $694.9k $694.9k 0.36% Reduced -752 -752
34 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 69,77069.8k $688.6k $688.6k 0.00% Added +11.1k +11,055
35 Capital Investment Advisory Services, LLC 0.05% of their portfolio RALEIGH, NC 69,10969.1k $682.1k $682.1k 0.05% Added +2.7k +2,703
36 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 68,72368.7k $678.3k $678.3k 0.00% Added +254 +254
37 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 68,06568.1k $671.8k $671.8k 0.01% Added +371 +371
38 LexAurum Advisors, LLC 0.07% of their portfolio OVERLAND PARK, KS 54,94054.9k $542.3k $542.3k 0.07% First filing
39 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 51,26551.3k $506.0k $506.0k 0.00% Unchanged
40 Wealth Care LLC 0.44% of their portfolio MERRITT ISLAND, FL 50,00050.0k $493.5k $493.5k 0.44% First filing
41 Burford Brothers, Inc. 0.19% of their portfolio DALLAS, TX 46,42146.4k $458.2k $458.2k 0.19% Added +18.8k +18,796
42 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 44,75644.8k $441.7k $441.7k 0.00% Added +24.7k +24,715
43 CALTON & ASSOCIATES, INC. 0.06% of their portfolio Tampa, FL 42,63742.6k $420.8k $420.8k 0.06% Reduced -11.8k -11,846
44 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 41,70141.7k $411.6k $411.6k 0.00% Reduced -51.1k -51,085
45 Summit Trail Advisors, LLC 0.01% of their portfolio NEW YORK, NY 41,04641.0k $405.1k $405.1k 0.01% New
46 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 40,57440.6k $400.5k $400.5k 0.00% Reduced -242 -242
47 MELFA WEALTH MANAGEMENT, INC. 0.21% of their portfolio WESTBOROUGH, MA 37,36037.4k $368.7k $368.7k 0.21% Unchanged
48 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 37,25437.3k $367.7k $367.7k 0.00% Reduced -4.2k -4,194
49 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 35,60035.6k $351.4k $351.4k 0.00% Unchanged
50 Sovereign Financial Group, Inc. 0.05% of their portfolio STAMFORD, CT 30,86930.9k $304.7k $304.7k 0.05% Added +166 +166
51 Cornerstone Wealth Management, LLC 0.02% of their portfolio ST. PETERS, MO 30,40430.4k $300.1k $300.1k 0.02% Added +13.2k +13,239
52 Prospera Financial Services Inc 0.00% of their portfolio Dallas, TX 29,60629.6k $292.2k $292.2k 0.00% Unchanged
53 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 29,05429.1k $286.8k $286.8k 0.00% Added +3.3k +3,347
54 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 24,43924.4k $241.2k $241.2k 0.00% Reduced -1.9k -1,900
55 Carroll Advisory Group, LLC 0.09% of their portfolio TEXARKANA, TX 22,64522.6k $223.5k $223.5k 0.09% Unchanged
56 WealthBridge Capital Management, LLC 0.05% of their portfolio WESTERVILLE, OH 22,50022.5k $222.1k $222.1k 0.05% Unchanged
57 Kercheville Advisors, LLC 0.07% of their portfolio San Antonio, TX 22,14322.1k $218.6k $218.6k 0.07% Added +31 +31
58 Virtu Financial LLC 0.01% of their portfolio New York, NY 21,48521.5k $212.0k $212.0k 0.01% Added +5.8k +5,842
59 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 20,36120.4k $201.0k $201.0k 0.00% New
60 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 18,69418.7k $184.5k $184.5k 0.00% Unchanged
61 Compound Planning, Inc. 0.01% of their portfolio NEW YORK, NY 17,97418.0k $177.4k $177.4k 0.01% Added +1.2k +1,178
62 AlphaCore Capital LLC 0.00% of their portfolio LA JOLLA, CA 16,99317.0k $167.7k $167.7k 0.00% Added +319 +319
63 Wealth Alliance Advisory Group, LLC 0.02% of their portfolio Wichita, KS 15,73715.7k $155.3k $155.3k 0.02% Unchanged
64 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 15,41915.4k $152.2k $152.2k 0.00% Reduced -2.6k -2,622
65 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 15,34515.3k $151.0k $151.0k 0.00% Reduced -4.2k -4,151
66 Institute for Wealth Management, LLC. 0.02% of their portfolio DENVER, CO 15,10015.1k $149.0k $149.0k 0.02% Unchanged
67 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 15,00015.0k $148.1k $148.1k 0.00% Added +5.0k +5,000
68 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 14,35214.4k $141.7k $141.7k 0.00% New
69 Dynamic Advisor Solutions LLC 0.00% of their portfolio PHOENIX, AZ 14,15014.2k $139.7k $139.7k 0.00% Unchanged
70 Capital Investment Advisors, LLC 0.00% of their portfolio ATLANTA, GA 13,79513.8k $136.2k $136.2k 0.00% Unchanged
71 Closed-End Fund Advisors, Inc. 0.14% of their portfolio RICHMOND, VA 13,66313.7k $134.9k $134.9k 0.14% Reduced -1.0k -1,000
72 Zullo Investment Group, Inc. 0.05% of their portfolio SCRANTON, PA 13,50013.5k $133.2k $133.2k 0.05% Unchanged
73 Apella Capital, LLC 0.00% of their portfolio WEST HARTFORD, CT 13,00013.0k $134.0k $134.0k 0.00% New
74 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 12,32612.3k $121.7k $121.7k 0.00% Added +1.1k +1,150
75 Quadcap Wealth Management, LLC 0.01% of their portfolio Frisco, TX 12,25712.3k $121.0k $121.0k 0.01% New
76 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 11,92911.9k $118.0k $118.0k 0.00% Added +237 +237
77 Catalina Capital Group, LLC 0.07% of their portfolio Torrance, CA 11,10411.1k $109.6k $109.6k 0.07% Unchanged
78 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 11,01011.0k $108.7k $108.7k 0.00% New
79 WEDBUSH SECURITIES INC 0.00% of their portfolio PASADENA, CA 11,00011.0k $109.0k $109.0k 0.00% New
80 WMG Financial Advisors, LLC 0.05% of their portfolio Knoxville, TN 10,94810.9k $108.1k $108.1k 0.05% Added +69 +69
81 KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio BROOKLYN, OH 10,88310.9k $107.4k $107.4k 0.00% Reduced -1.0k -1,000
82 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 10,69010.7k $105.5k $105.5k 0.00% Added +5.0k +5,002
83 KENNEDY INVESTMENT GROUP, INC. 0.04% of their portfolio WEST DEPTFORD, NJ 10,61910.6k $104.8k $104.8k 0.04% Added +200 +200
84 GILL CAPITAL PARTNERS, LLC 0.03% of their portfolio DENVER, CO 9,99110.0k $98.6k $98.6k 0.03% New
85 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 8,2408.2k $81.3k $81.3k 0.00% New
86 Mountain Hill Investment Partners Corp. 0.04% of their portfolio ATLANTIC HIGHLANDS, NJ 7,0007.0k $69.1k $69.1k 0.04% Unchanged
87 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 6,2276.2k $61.5k $61.5k 0.00% Unchanged
88 CWM, LLC 0.00% of their portfolio OMAHA, NE 4,9074.9k $48.4k $48.4k 0.00% Added +4.7k +4,707
89 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 4,5004.5k $44.4k $44.4k 0.00% Unchanged
90 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 4,2154.2k $41.6k $41.6k 0.00% New
91 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 3,6353.6k $35.9k $35.9k 0.00% Reduced -51 -51
92 High Note Wealth, LLC 0.00% of their portfolio DEEPHAVEN, MN 2,5772.6k $25.4k $25.4k 0.00% Reduced -33 -33
93 EASTERN BANK 0.00% of their portfolio BOSTON, MA 2,1862.2k $21.6k $21.6k 0.00% Unchanged
94 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 2,0412.0k $20.1k $20.1k 0.00% Unchanged
95 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 1,9151.9k $18.9k $18.9k 0.00% New
96 Penserra Capital Management LLC 0.00% of their portfolio ORINDA, CA 1,3781.4k $13.0k $13.0k 0.00% New
97 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 1,0831.1k $10.7k $10.7k 0.00% Reduced -113 -113
98 Cullen/Frost Bankers, Inc. 0.00% of their portfolio San Antonio, TX 1,0001.0k $9.9k $9.9k 0.00% New
99 CITY HOLDING CO 0.00% of their portfolio CHARLESTON, WV 1,0001.0k $9.9k $9.9k 0.00% Unchanged
100 Essential Investment Partners LLC 0.01% of their portfolio ENGLEWOOD, CO 1,0001.0k $9.9k $9.9k 0.01% Reduced -500 -500