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Invesco California Value Municipal Income Trust
VCV

52 hedge funds and large institutions have $57.7M invested in Invesco California Value Municipal Income Trust in 2016 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,500% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 1

89% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 9

41% more funds holding

Funds holding: 37 → 52 (+15)

19% more capital invested

Capital invested by funds: $48.6M → $57.7M (+$9.18M)

3.13% more ownership

Funds ownership: 7.36% → 10.49% (+3.1%)

Holders
52
Holders Change
+15
Holders Change %
+40.54%
% of All Funds
1.3%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
16
Increased
17
Reduced
9
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$3.61M
2
Northern Trust
Northern Trust
Illinois
+$3.43M
3
LCM
Landscape Capital Management
New Jersey
+$2.72M
4
Morgan Stanley
Morgan Stanley
New York
+$2.2M
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$2.02M

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$601K
2
Invesco
Invesco
Georgia
-$592K
3
JWA
JFS Wealth Advisors
Pennsylvania
-$492K
4
GC
Guggenheim Capital
Illinois
-$459K
5
UBS Group
UBS Group
Switzerland
-$449K
Name Holding Trade Value Shares
Change 		Change in
Stake
NFG
26
Next Financial Group
Texas
$329K +$74.4K +5,892 +28%
SAM
27
Shamrock Asset Management
Texas
$314K -$5.98K -474 -2%
TWA
28
TCI Wealth Advisors
Arizona
$302K +$314K +24,841 New
Stifel Financial
29
Stifel Financial
Missouri
$301K +$315K +24,969 New
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$273K +$43.4K +3,439 +18%
RFC
31
Regions Financial Corp
Alabama
$264K – – –
WT
32
Whittier Trust
California
$245K – – –
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$208K – – –
WS
34
Wedbush Securities
California
$186K -$67.3K -5,333 -26%
AA
35
AQR Arbitrage
Connecticut
$184K +$191K +15,143 New
DI
36
Diligent Investors
California
$174K – – –
CG
37
Cutler Group
California
$121K +$2.52K +200 +2%
PWSG
38
Pacific Wealth Strategies Group
California
$121K +$126K +10,000 New
AG
39
Advisor Group
Arizona
$96K +$28.7K +2,274 +40%
MBT
40
Montecito Bank & Trust
California
$89K +$92.1K +7,300 New
IA
41
IFP Advisors
Florida
$83K – – –
Creative Planning
42
Creative Planning
Kansas
$79K +$25.4K +2,009 +45%
AA
43
Apriem Advisors
California
$73K – – –
Northwestern Mutual Wealth Management
44
Northwestern Mutual Wealth Management
Wisconsin
$72K +$74.8K +5,927 New
MA
45
MUFG Americas
New York
$41K – – –
DADC
46
D.A. Davidson & Co
Montana
$36K -$13.1K -1,039 -26%
Northern Trust
47
Northern Trust
Illinois
$33K +$3.43M +271,671 New
GT
48
Glenmede Trust
Pennsylvania
$24K – – –
US Bancorp
49
US Bancorp
Minnesota
$18K – – –
GAM
50
Gemmer Asset Management
California
$9K +$114 +9 +1%
1
2
3

VCV Hedge Fund Activity: Q4 2016 in Review

52 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q4 2016, worth a combined $57.7M — up 19% from $48.6M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new VCV positions and 1 closed out — a net gain of 15 holders — while 17 added to existing stakes and 9 trimmed.

The largest buyer was Bank of America, adding an estimated $3.61M. The largest seller was Advisors Asset Management, cutting an estimated $601K.

  • 52 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q4 2016, up from 37 in Q3 2016.
  • Funds reported $57.7M of Invesco California Value Municipal Income Trust stock for Q4 2016, up 19% quarter-over-quarter.
  • 16 funds opened new Invesco California Value Municipal Income Trust positions in Q4 2016 and 1 closed out, a net change of +15 holders.
  • The largest Invesco California Value Municipal Income Trust buyer in Q4 2016 was Bank of America, an estimated $3.61M added.
  • The largest Invesco California Value Municipal Income Trust seller in Q4 2016 was Advisors Asset Management, an estimated $601K sold.

Based on aggregated 13F filings for Q4 2016.