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Invesco California Value Municipal Income Trust
VCV

39 hedge funds and large institutions have $34.6M invested in Invesco California Value Municipal Income Trust in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 5 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

260% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 5

33% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 3

9% more capital invested

Capital invested by funds: $31.6M → $34.6M (+$2.95M)

3% more funds holding

Funds holding: 38 → 39 (+1)

0.39% more ownership

Funds ownership: 5.28% → 5.67% (+0.39%)

Holders
39
Holders Change
+1
Holders Change %
+2.63%
% of All Funds
1.13%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
18
Reduced
5
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$914K
2
AAM
Advisors Asset Management
Colorado
+$640K
3
U
UBS
Switzerland
+$519K
4
DA
Doliver Advisors
Texas
+$396K
5
LSA
L & S Advisors
California
+$160K

Top Sellers

Rank Fund Capital Flow
1
GEM
Global Endowment Management
North Carolina
-$466K
2
GC
Guggenheim Capital
Illinois
-$266K
3
RCM
Rivernorth Capital Management
Florida
-$240K
4
TC
TFS Capital
Pennsylvania
-$140K
5
KIM
Karpus Investment Management
New York
-$58.8K
Name Holding Trade Value Shares
Change 		Change in
Stake
WT
26
Whittier Trust
California
$119K – – –
TJHA
27
Thomas J. Herzfeld Advisors
Florida
$110K +$49K +4,000 +80%
MA
28
MUFG Americas
New York
$68K -$22.7K -1,852 -25%
WFI
29
West Family Investments
California
$61K – – –
LTFS
30
Ladenburg Thalmann Financial Services
Florida
$47K +$760 +62 +2%
Creative Planning
31
Creative Planning
Kansas
$35K – – –
SAM
32
Shamrock Asset Management
Texas
$33K – – –
Ameriprise
33
Ameriprise
Minnesota
$33K +$33.5K +2,731 New
GT
34
Glenmede Trust
Pennsylvania
$24K – – –
BPBT
35
Boston Private Bank & Trust
Massachusetts
$21K +$21.5K +1,750 New
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$19K – – –
EMA
37
Efficient Market Advisors
California
$13K – – –
DADC
38
D.A. Davidson & Co
Montana
$12K – – –
GAM
39
Gemmer Asset Management
California
$8K +$123 +10 +2%
Citigroup
40
Citigroup
New York
$4K – – –
TC
41
TFS Capital
Pennsylvania
– -$140K -11,313 Closed
BRWA
42
B. Riley Wealth Advisors
Florida
– -$4.95K -400 Closed
1
2

VCV Hedge Fund Activity: Q3 2014 in Review

39 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q3 2014, worth a combined $34.6M — up 9.3% from $31.6M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new VCV positions and 3 closed out — a net gain of 1 holder — while 18 added to existing stakes and 5 trimmed.

The largest buyer was Bank of America, adding an estimated $914K. The largest seller was Global Endowment Management, cutting an estimated $466K.

  • 39 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q3 2014, up from 38 in Q2 2014.
  • Funds reported $34.6M of Invesco California Value Municipal Income Trust stock for Q3 2014, up 9.3% quarter-over-quarter.
  • 4 funds opened new Invesco California Value Municipal Income Trust positions in Q3 2014 and 3 closed out, a net change of +1 holder.
  • The largest Invesco California Value Municipal Income Trust buyer in Q3 2014 was Bank of America, an estimated $914K added.
  • The largest Invesco California Value Municipal Income Trust seller in Q3 2014 was Global Endowment Management, an estimated $466K sold.

Based on aggregated 13F filings for Q3 2014.