Invesco Trust for Investment Grade Municipals
US ˙ NYSE ˙ US46131M1062

SecurityVGM / Invesco Trust for Investment Grade Municipals
InstitutionKarpus Management, Inc.
ManagerGeorge Karpus
Latest Disclosed Ownership2,081,051 shares
Ownership 3.84%
Karpus Management, Inc. ownership in VGM / Invesco Trust for Investment Grade Municipals

2025-06-06 - Karpus Management, Inc. has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 2,081,051 shares of Invesco Trust for Investment Grade Municipals (US:VGM). This represents 3.84 percent ownership of the company. In their previous filing dated 2024-02-13 , Karpus Management, Inc. had reported owning 3,199,553 shares, indicating a decrease of -34.96 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2025-06-06 2025-06-06 13G/A 3,199,553 2,081,051 -34.96 3.84 -34.92
2024-02-13 2024-02-13 13G 3,199,553 5.90

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-11-14 2025-09-30 13F INVESCO TRUST FOR INVESTMENT G COM 46131M106 0 -100.00 0
2025-08-14 2025-06-30 13F INVESCO TRUST FOR INVESTMENT G COM 46131M106 1,822,741 -1,281,993 -41.29 17,298 -44.06 0.5578
2025-05-14 2025-03-31 13F INVESCO TRUST FOR INVESTMENT G COM 46131M106 3,104,734 -326,581 -9.52 30,923 -10.77 1.0022
2025-02-14 2024-12-31 13F INVESCO TRUST FOR INVESTMENT G COM 46131M106 3,431,315 603,587 21.35 34,656 16.06 1.0249
2024-11-13 2024-09-30 13F INVESCO TRUST FOR INVESTMENT G COM 46131M106 2,827,728 -1,030,608 -26.71 29,861 -24.64 0.8296
2024-08-13 2024-06-30 13F INVESCO TRUST FOR INVESTMENT G COM 46131M106 3,858,336 -7,254 -0.19 39,625 3.96 1.1157
2024-05-13 2024-03-31 13F INVESCO TRUST FOR INVESTMENT G COM 46131M106 3,865,590 666,037 20.82 38,115 20.45 1.0995
2024-02-13 2023-12-31 13F INVESCO TRUST FOR INVESTMENT G COM 46131M106 3,199,553 738,008 29.98 31,644 51.24 0.9629
2023-11-09 2023-09-30 13F INVESCO TRUST FOR INVESTMENT G COM 46131M106 2,461,545 331,592 15.57 20,923 1.17 0.7033
2023-08-11 2023-06-30 13F INVESCO TRUST FOR INVESTMENT G COM 46131M106 2,129,953 -1,757 -0.08 20,682 -2.40 0.6499
2023-05-11 2023-03-31 13F INVESCO TRUST FOR INVESTMENT G COM 46131M106 2,131,710 -37,100 -1.71 21,189 -2.78 0.6646
2023-02-15 2022-12-31 13F INVESCO TRUST FOR INVESTMENT G COM 46131M106 2,168,810 1,779,046 456.44 21,797 497.48 0.7368
2022-11-14 2022-09-30 13F INVESCO TRUST FOR INVESTMENT G COM 46131M106 389,764 61,124 18.60 3,648 5.40 0.1279
2022-08-12 2022-06-30 13F INVESCO TRUST FOR INVESTMENT G COM 46131M106 328,640 129,626 65.13 3,461 49.63 0.1164
2022-05-10 2022-03-31 13F INVESCO TRUST FOR INVESTMENT G COM 46131M106 199,014 199,014 2,313 0.0703
2021-08-13 2021-06-30 13F INVESCO TR INVT GRADE MUNS COM COM 46131M106 0 -75,091 -100.00 0 -100.00
2021-05-17 2021-03-31 13F INVESCO TR INVT GRADE MUNS COM COM 46131M106 75,091 -211,880 -73.83 1,012 -73.31 0.0306
2021-02-16 2020-12-31 13F INVESCO TR INVT GRADE MUNS COM COM 46131M106 286,971 -592,566 -67.37 3,791 -65.30 0.1191
2020-11-12 2020-09-30 13F INVESCO TR INVT GRADE MUNS COM COM 46131M106 879,537 -288,308 -24.69 10,924 -22.31 0.3949
2020-08-20 2020-06-30 13F/A-1 INVESCO TR INVT GRADE MUNS COM 46131M106 1,167,845 -259,871 -18.20 14,061 -18.54 0.5329
2020-08-14 2020-06-30 13F INVESCO TR INVT GRADE MUNS COM 46131M106 1,167,845 -259,871 14,061 551,354.8995
2020-05-18 2020-03-31 13F INVESCO TR INVT GRADE MUNS COM COM 46131M106 1,427,716 1,261,699 759.98 17,261 709.24 0.6619
2020-05-15 2019-12-31 13F/A-1 INVESCO TR INVT GRADE MUNS COM COM 46131M106 166,017 -171,470 -50.81 2,133 -50.89 0.0713
2020-02-14 2019-12-31 13F INVESCO TR INVT GRADE MUNS COM COM 46131M106 166,017 -171,470 2,133 71,290.0831
2019-10-16 2019-09-30 13F INVESCO TR INVT GRADE MUNS COM 46131M106 337,487 -685,962 -67.02 4,343 -66.51 0.1662
2019-08-14 2019-06-30 13F INVESCO TR INVT GRADE MUNS COM COM 46131M106 1,023,449 -139,633 -12.01 12,967 -10.52 0.4713
2019-05-15 2019-03-31 13F INVESCO TR INVT GRADE MUNS COM 46131M106 1,163,082 -691,030 -37.27 14,492 -31.91 0.5283
2019-02-15 2018-12-31 13F/A-1 INVESCO TR INVT GRADE MUNS COM COM 46131M106 1,854,112 1,484,043 401.02 21,285 384.19 0.8799
2019-02-14 2018-12-31 13F INVESCO TR INVT GRADE MUNS COM 46131M106 1,854,112 21,656
2018-11-14 2018-09-30 13F INVESCO TR INVT GRADE MUNS COM 46131M106 370,069 370,069 4,396 0.1775
2017-08-14 2017-06-30 13F INVESCO TR INVT GRADE MUNS COM 46131M106 0 -55,263 -100.00 0 -100.00
2017-05-15 2017-03-31 13F INVESCO TR INVT GRADE MUNS COM 46131M106 55,263 0 0.00 718 1.84 0.0371
2017-02-14 2016-12-31 13F INVESCO TR INVT GRADE MUNS COM COM 46131M106 55,263 55,263 0.00 705 0.0405
2016-11-14 2016-09-30 13F INVESCO TR INVT GRADE MUNS COM COM 46131M106 0 -58,621 -100.00 0 -100.00
2016-08-15 2016-06-30 13F INVESCO TR INVT GRADE MUNS COM COM 46131M106 58,621 -190,274 -76.45 871 -74.97 0.0447
2016-05-13 2016-03-31 13F INVESCO TRUST FOR INVESTMENT GRADE MUNI COM 46131M106 248,895 -442,805 -64.02 3,480 -62.26 0.1582
2016-02-12 2015-12-31 13F INVESCO TRUST FOR INVESTMENT GRADE MUNICIPALS COM 46131M106 691,700 -108,250 -13.53 9,220 -10.86 0.4141
2015-11-13 2015-09-30 13F INVESCO TRUST FOR INVESTMENT GRADE MUNICIPALS COM 46131M106 799,950 -6,523 -0.81 10,343 1.07 0.4803
2015-08-14 2015-06-30 13F INVESCO TRUST FOR INVESTMENT GRADE MUNICIPALS COM 46131M106 806,473 152,008 23.23 10,234 16.26 0.4800
2015-05-15 2015-03-31 13F INVESCO TRUST FOR INVESTMENT GRADE MUNICIPALS COM 46131M106 654,465 -154,608 -19.11 8,803 -18.13 0.4099
2015-02-13 2014-12-31 13F INVESCO TR FOR INVESTMENT GRADE MUNICIPALS COM 46131M106 809,073 782 0.10 10,753 1.47 0.5095
2014-11-17 2014-09-30 13F INVESCO TR FOR INVESTMENT GRADE MUNICIPALS COM 46131M106 808,291 19,550 2.48 10,597 3.11 0.5136
2014-08-14 2014-06-30 13F INVESCO TR FOR INVESTMENT GRADE MUNICIPALS COM 46131M106 788,741 215,459 37.58 10,277 40.05 0.4938
2014-05-15 2014-03-31 13F VAN KAMP TR COM 46131M106 573,282 -26,200 -4.37 7,338 0.49 0.3809
2014-02-14 2013-12-31 13F INVESCO TR INVT GRADE MUNS COM 46131M106 599,482 599,482 7,302 0.4061
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.