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Invesco California Value Municipal Income Trust
VCV

37 hedge funds and large institutions have $48.6M invested in Invesco California Value Municipal Income Trust in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 7 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

86% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 7

2% more capital invested

Capital invested by funds: $47.5M → $48.6M (+$1.02M)

0.49% more ownership

Funds ownership: 6.87% → 7.36% (+0.49%)

3% less funds holding

Funds holding: 38 → 37 (-1)

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

Holders
37
Holders Change
-1
Holders Change %
-2.63%
% of All Funds
0.99%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
13
Reduced
7
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$994K
2
AAM
Advisors Asset Management
Colorado
+$721K
3
Invesco
Invesco
Georgia
+$424K
4
Morgan Stanley
Morgan Stanley
New York
+$394K
5
UBS Group
UBS Group
Switzerland
+$390K

Top Sellers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$216K
2
Ameriprise
Ameriprise
Minnesota
-$162K
3
Wells Fargo
Wells Fargo
California
-$96K
4
AA
Apriem Advisors
California
-$65.7K
5
AG
Advisor Group
Arizona
-$41.6K
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
26
IFP Advisors
Florida
$94K – – –
AA
27
Apriem Advisors
California
$83K -$65.7K -4,655 -44%
AG
28
Advisor Group
Arizona
$78K -$41.6K -2,950 -34%
Creative Planning
29
Creative Planning
Kansas
$62K +$23.3K +1,649 +58%
DADC
30
D.A. Davidson & Co
Montana
$55K – – –
MA
31
MUFG Americas
New York
$47K -$42 -3 -0.1%
WAM
32
Wolverine Asset Management
Illinois
$43K +$44.2K +3,129 New
GT
33
Glenmede Trust
Pennsylvania
$27K – – –
US Bancorp
34
US Bancorp
Minnesota
$20K – – –
GAM
35
Gemmer Asset Management
California
$10K +$113 +8 +1%
IWMPD
36
Integrated Wealth Management (Palm Desert)
California
$8K – – –
BCM
37
Blume Capital Management
California
$7K – – –
Northern Trust
38
Northern Trust
Illinois
– -$4K -28,942 Closed
Ameriprise
39
Ameriprise
Minnesota
– -$162K -11,122 Closed
GWM
40
Geneos Wealth Management
Colorado
– -$5K -400 Closed
TRCT
41
Tower Research Capital (TRC)
New York
– -$1K -100 Closed
1
2

VCV Hedge Fund Activity: Q3 2016 in Review

37 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q3 2016, worth a combined $48.6M — up 2.1% from $47.5M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of VCV and 3 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 13 added.

The largest buyer was Guggenheim Capital, adding an estimated $994K. The largest seller was Royal Bank of Canada, cutting an estimated $216K.

  • 37 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q3 2016, down from 38 in Q2 2016.
  • Funds reported $48.6M of Invesco California Value Municipal Income Trust stock for Q3 2016, up 2.1% quarter-over-quarter.
  • 3 funds opened new Invesco California Value Municipal Income Trust positions in Q3 2016 and 4 closed out, a net change of -1 holder.
  • The largest Invesco California Value Municipal Income Trust buyer in Q3 2016 was Guggenheim Capital, an estimated $994K added.
  • The largest Invesco California Value Municipal Income Trust seller in Q3 2016 was Royal Bank of Canada, an estimated $216K sold.

Based on aggregated 13F filings for Q3 2016.