VGM β€” INVESCO TR INVT GRADE MUNS

Ownership history in Advisory Services Network, LLC  Β·  26 quarters on record

This page tracks every 13F SEC filing in which Advisory Services Network, LLC reported a position in INVESCO TR INVT GRADE MUNS (VGM). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.05% (2017 Q3)
πŸ“Š Avg. % of fund
0.01%
πŸ“… First filed
2016 Q3
πŸ“… Last filed
2025 Q3
⏱ Quarters held
26

Position Intelligence

Advisory Services Network, LLC Γ— VGM AI Analytics

πŸ“‰ Advisory Services Network, LLC underperformed the S&P 500 by –20.5% annually on this VGM position. Timing score: 45% (9/20 decisions correct). Average cost basis: $9.22. Maximum drawdown during holding period: –30.2%.

πŸ“ˆ Position Alpha vs SPY
-20.5%
annualised excess return

❌ Significantly underperformed the S&P 500 by 20.5% ann.
25 quarters analyzed

⏱️ Timing Score
45%

➑️ Neutral timing β€” roughly coin-flip accuracy on add/trim calls.
9 of 20 add/trim decisions correct

πŸ’° Entry Quality
$9.22
+5.7% vs current ($9.75)

Best entry: $8.08 (2023 Q2)  Β·  Worst: $10.78 (2021 Q4)

πŸ›‘οΈ Drawdown Resilience
–30.2%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
57%
buy-side decisions

12 adds Β· 9 trims. Bought during 5 of 10 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.0% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    VGM price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q3 REDUCED 3,000 -4,341 -59.1% 0.00% $30K $9.75
2023 Q4 REDUCED 7,341 -5,475 -42.7% 0.00% $73K $8.42
2023 Q2 ADDED 12,816 +12 +0.1% 0.00% $124K $8.08
2023 Q1 REDUCED 12,804 -22,988 -64.2% 0.00% $127K $8.18
2022 Q4 REDUCED 35,792 -19,986 -35.8% 0.01% $360K $8.18
2022 Q3 REDUCED 55,778 -7,986 -12.5% 0.02% $522K $7.52
2022 Q2 ADDED 63,764 +12,851 +25.2% 0.02% $671K $8.35
2022 Q1 ADDED 50,913 +3,663 +7.8% 0.02% $592K $9.08
2021 Q4 ADDED 47,250 +8,000 +20.4% 0.02% $660K $10.78
2021 Q3 ADDED 39,250 +16,250 +70.7% 0.02% $537K $10.44
16 older quarters hidden  β€”  Sign in free or upgrade to Premium to see full history
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