VGM Invesco Trust Investment Grade Municipals

XNYS
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

VGM — —
Key stats
About
Exchange
XNYS
Market Cap
$0.5B
List Date
1992-02-19
CIK
0000880892
Homepage
https://www.invesco.com

Invesco Trust for Investment Grade Municipals is active in the financial services sector. Its investment objective is to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital.

Fund profile
Municipal Bond National Muni Invesco US
Expense ratio
—
Assets
$492M
shares × price, Oct 21, 2026
Trailing yield
—
Average daily volume
$3.2M
30 sessions
Holdings
—
Listed
Feb 19, 1992
NYSE
FrenzyCap ETF score
56
how it is built
Costn/a
Liquidity50
Scale63
Diversificationn/a

Moves with. US large-cap stocks (12% of its variance, beta 0.34); Long Treasuries (7% of its variance, beta 0.30); Developed markets ex-US over US (3% of its variance, beta 0.21). These factors explain 25% of its daily moves over the last year, so most of what drives this fund is something else.

Overlap toolAll National Muni ETFs

Similar funds
FundOverlapFeeAssets1Y
MUBiShares National Muni Bond ETF—0.05%$52.1B−4.7%compare
VTEBVanguard Tax-Exempt Bond Index Fund—0.03%$50.4B−5.0%compare
JMUBJPMorgan Municipal ETF—0.18%$8.7B−4.9%compare
CGMUCapital Group Municipal Income ETF—0.27%$7.2B−3.8%compare
PZAInvesco National AMT-Free Municipal Bond ETF—0.28%$4.1B−7.7%compare

The largest other funds in the National Muni category.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan0.84%-10.47%4.93%-0.51%-0.49%-1.34%-1.17%
Feb-0.45%-3.11%-6.26%-0.51%1.69%2.43%-1.03%
Mar0.82%-5.61%1.84%-0.20%-2.83%-5.82%-1.97%
Apr1.40%-8.28%-0.61%-2.15%-3.88%2.08%-1.91%
May1.52%3.72%-0.52%3.03%-0.21%0.68%1.37%
Jun-0.21%-5.48%-0.41%3.42%-1.45%2.91%-0.20%
Jul0.00%4.75%0.51%0.98%-1.36%-4.63%0.04%
Aug1.35%-6.07%-4.02%-0.19%0.00%2.37%-1.09%
Sep-4.27%-8.86%-8.50%1.54%5.97%-14.61%-4.79%
Oct-1.02%-3.51%-1.54%-2.17%-0.20%4.23%*-0.70%
Nov0.59%12.64%10.90%2.14%-0.49%--5.16%
Dec2.27%-1.37%2.81%-3.63%1.77%--0.37%
Total2.71%-29.23%-2.26%1.50%-1.81%-12.53%-6.93%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $8.89
SMA 50: $9.57
SMA 200: $10.12
Current: $9.12
EMA 12: $9.03
EMA 26: $9.14
MACD: -0.1145 | Signal: 0.0795
BEARISH
ADX (14): 35.51
TREND
+DI: 21.58
−DI: 22.77

Momentum Oscillators

RSI (14): 48.76
NEUTRAL
Stoch %K: 80.60
Stoch %D: 81.52
Williams %R: -17.46

Volume & Volatility

BB Upper: $9.25
BB Lower: $8.53
NEUTRAL
OBV: 1,294,419
Vol SMA 20: 383,147
Vol ROC: -66.44%
ATR: $0.18
True Range: $0.09
HV 20: 27.0%
HV 30: 26.9%
HV 60: 20.6%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis

LLM Stock Analysis Report

Executive Summary

Overall assessment: NEUTRAL with confidence level 6/10

Key drivers:

  • The stock has been trading in a range, with no clear trend or momentum signal.
  • Volume indicators suggest institutional interest, but it's not strong enough to drive the price.

Primary risks:

  • The lack of a clear trend or momentum increases the risk of range-bound trading and potential whipsaws.
  • Volatility is low, which may indicate a lack of market enthusiasm for the stock.

Investment thesis:

  • The stock has been consolidating within a range, with no clear buy or sell signal. A break above the upper Bollinger Band could trigger a short-term rally, while a breakdown below the lower band could lead to further consolidation.
  • Recent news headlines are neutral, indicating no significant catalysts driving the price.

Recent news sentiment impact:

  • The lack of recent news headlines with strong sentiment (positive or negative) suggests that market forces are driving the stock's movement rather than specific news events.

Technical Analysis

Trend Direction: Range-bound with short-term bearish momentum

Support/Resistance Levels: $10.14 (SMA 50), $10.22 (SMA 20), and $10.55 (upper Bollinger Band)

Momentum Signals:

  • RSI: Neutral, indicating no clear buy or sell signal.
  • MACD: Bearish, with a bearish crossover above the signal line.
  • Bollinger Bands: Neutral, with the price oscillating between the upper and middle bands.

News & Sentiment Analysis

Recent Headlines Summary: Three neutral news headlines over the past few months.

Sentiment Assessment: Neutral, indicating no significant sentiment driving the price.

Catalyst Identification: No recent earnings announcements or significant market-moving events have occurred.

Market Narrative: The stock's movement is driven by market forces rather than specific news events.

Risk & Volatility Assessment

Beta Interpretation: Low risk relative to the broader market, with a beta of 0.28.

Volatility Regime: Low volatility, with a historical volatility of HV20 at 17.7%.

Options Market Signals: No options data available.

Downside Protection: Support levels are in place at $10.14 and $9.89, but no clear stop-loss level is evident.

Market Context & Positioning

Sector Performance: The sector has been trading range-bound, with no clear trend or momentum signal.

Institutional Activity: Institutional interest is present, as indicated by the volume indicators, but it's not strong enough to drive the price.

Correlation Analysis: The stock moves relatively in line with the broader market (R-squared interpretation).

Relative Valuation: The stock trades within a range, with no clear buy or sell signal.

Key Levels & Action Items

Critical Price Levels: $10.14 (SMA 50), $10.22 (SMA 20), and $10.55 (upper Bollinger Band)

Breakout/Breakdown Levels: No clear levels are evident, as the stock has been trading in a range.

Time-Sensitive Catalysts: No upcoming events or earnings announcements that could impact the price.

Risk Management: Stop-loss levels should be set at $9.89 and $10.14 to manage risk. Position sizing considerations include the lack of clear trend or momentum signals.

Overall, this analysis suggests a neutral outlook for VGM, with no clear buy or sell signal. The stock has been trading in a range, and recent news headlines are neutral. Institutional interest is present, but it's not strong enough to drive the price.

Generated
News
All VGM news →

VGM Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.4198
Alpha: -15.07%
Correlation: 0.3819
R-Squared: 14.6%
Stock Volatility: 14.0%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own VGM
1 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Rockefeller Capital Management Family office
Rockefeller family
$315K
0.00%
#2343 of 4729-20.3%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

VGM Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

105 filers12,385,943 shares$127.81M value
# Filer Shares Value % of Total % of Float Period
1 GUGGENHEIM CAPITAL LLC 1,061,614 $11.25M 8.80% — 2026-06-30
2 Hennion & Walsh Asset Management, Inc. 1,234,470 $10.68M 8.35% — 2026-09-30
3 Ameriprise Financial, Inc. Custodian 768,111 $8.14M 6.37% — 2026-06-30
4 Morgan Stanley Custodian 705,017 $7.47M 5.85% — 2026-06-30
5 LPL Financial LLC Custodian 625,750 $6.63M 5.19% — 2026-06-30
6 Wells Fargo & Company Custodian 617,864 $6.55M 5.12% — 2026-06-30
7 SIT INVESTMENT ASSOCIATES INC 603,608 $6.40M 5.01% — 2026-06-30
8 UBS Group AG Custodian 567,497 $6.02M 4.71% — 2026-06-30
9 Bank of America Corp Custodian 501,856 $5.32M 4.16% — 2026-06-30
10 Royal Bank of Canada Custodian 382,863 $4.06M 3.17% — 2026-06-30
11 N.E.W. Advisory Services LLC 373,821 $3.96M 3.10% — 2026-06-30
12 Van Eck Associates Corp 355,063 $3.76M 2.94% — 2026-06-30
13 Leo Wealth, LLC 319,284 $3.15M 2.47% — 2026-03-31
14 Cetera Investment Advisers Custodian 249,317 $2.64M 2.07% — 2026-06-30
15 GREATMARK INVESTMENT PARTNERS, INC. 248,750 $2.64M 2.06% — 2026-06-30
16 Stifel Financial Corp Custodian 238,601 $2.53M 1.98% — 2026-06-30
17 COMMONWEALTH EQUITY SERVICES, LLC 205,552 $2.18M 1.70% — 2026-06-30
18 Advisors Asset Management, Inc. 194,328 $2.06M 1.61% — 2026-06-30
19 Melone Private Wealth, LLC 225,013 $1.95M 1.52% — 2026-09-30
20 Raymond James Financial, Inc. Custodian 170,619 $1.81M 1.42% — 2026-06-30
21 Stratos Wealth Partners, LTD. 168,142 $1.78M 1.39% — 2026-06-30
22 Fiera Capital Corp 154,641 $1.64M 1.28% — 2026-06-30
23 NewEdge Advisors, LLC 136,864 $1.45M 1.14% — 2026-06-30
24 Indiana Trust & Investment Management Co 122,000 $1.29M 1.01% — 2026-06-30
25 Regatta Research & Money Management 113,376 $1.20M 0.94% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period

VGM Insider Trading (Form 4)

Latest: 2025-09-08
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2025-09-08 JPMorgan Chase Bank, N.A. 10%+ Owner Other (J) −500 — EDGAR
2024-12-20 MERRILL LYNCH, PIERCE, FENNER & SMITH INC. 10%+ Owner Mixed −2 $37.96 -$50.0K EDGAR
2024-06-04 JPMorgan Chase Bank, N.A. 10%+ Owner Other (J) −410 — EDGAR
2019-10-17 JPMorgan Chase Bank, N.A. 10%+ Owner Other (J) 2,733 (reclass) — EDGAR
2017-01-10 Suzanne Woolsey — — — EDGAR
2017-01-10 Albert R Dowden — — — EDGAR
2016-02-03 Rodney F Dammeyer — — — EDGAR
2016-02-03 Hugo Sonnenschein — — — EDGAR
2015-11-03 Rodney F Dammeyer Sell (S) −20,000 $13.20 -$264.1K EDGAR
2015-11-02 Rodney F Dammeyer Sell (S) −30,000 $13.14 -$394.4K EDGAR
2015-09-24 Rodney F Dammeyer Sell (S) −10,500 $12.93 -$135.8K EDGAR
2015-08-14 Thomas Byron Sell (S) −500 $12.89 -$6.4K EDGAR
2015-04-16 Rodney F Dammeyer Director Sell (S) −22,062 $13.36 -$294.7K EDGAR
2015-03-19 Thomas Byron Buy (P) +400 $13.16 $5.3K EDGAR
2015-02-25 Frank S Bayley — — — EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

VGM Insider Holdings

1 insider · @ $9.12
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 JPMorgan Chase Bank, N.A. 10%+ Owner 1,823 $16.6K $0 3 2025-09-08
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ETF Holders
8 ETFs hold VGM
8 shown · $6.98M total exposure · 0.02% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 XMPT VanEck CEF Muni Income ETF VanEck 1.42% $2.8M $198.9M 2026-10-20
2 VXUS Vanguard Total International Stock ETF Vanguard 0.00% $1.7M — 2026-09-30
3 VWO Vanguard FTSE Emerging Markets ETF Vanguard 0.00% $1.6M — 2026-09-30
4 SPEM State Street® SPDR® Portfolio Emerging Markets ETF SPDR (State Street) 0.00% $444,638 $16.8B 2026-10-20
5 VSS Vanguard FTSE All-World EX-US Small-Cap Index Fund Vanguard 0.00% $285,130 — 2026-09-30
6 YYYM Amplify Municipal CEF High Income ETF Amplify 3.63% $58,113 $1.6M 2026-10-20
7 VT Vanguard Total World Stock ETF Vanguard 0.00% $53,225 — 2026-09-30
8 VSGX Vanguard ESG International Stock ETF Vanguard 0.00% $23,575 — 2026-10-20
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.