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Invesco California Value Municipal Income Trust
VCV

51 hedge funds and large institutions have $61.1M invested in Invesco California Value Municipal Income Trust in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 12

6% more capital invested

Capital invested by funds: $57.7M → $61.1M (+$3.36M)

0.04% less ownership

Funds ownership: 10.49% → 10.45% (-0.04%)

2% less funds holding

Funds holding: 52 → 51 (-1)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
51
Holders Change
-1
Holders Change %
-1.92%
% of All Funds
1.27%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
16
Reduced
12
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$1.22M
2
UBS Group
UBS Group
Switzerland
+$971K
3
LCM
Landscape Capital Management
New Jersey
+$870K
4
Morgan Stanley
Morgan Stanley
New York
+$769K
5
JMPWA
JP Morgan Private Wealth Advisors
California
+$519K

Top Sellers

Rank Fund Capital Flow
1
Northern Trust
Northern Trust
Illinois
-$2.86M
2
CRC
Curi RMB Capital
Illinois
-$613K
3
WAM
Weiss Asset Management
Massachusetts
-$498K
4
Squarepoint
Squarepoint
New York
-$436K
5
NFG
Next Financial Group
Texas
-$329K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$328K +$51.3K +4,166 +19%
AGA
27
Accuvest Global Advisors
Utah
$286K +$286K +23,200 New
RFC
28
Regions Financial Corp
Alabama
$268K – – –
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$262K +$51.1K +4,150 +24%
WT
30
Whittier Trust
California
$248K – – –
AA
31
AQR Arbitrage
Connecticut
$187K – – –
DI
32
Diligent Investors
California
$177K – – –
WS
33
Wedbush Securities
California
$160K -$28.3K -2,300 -15%
RJFSA
34
Raymond James Financial Services Advisors
Florida
$156K -$246K -20,000 -61%
First Trust Advisors
35
First Trust Advisors
Illinois
$131K +$131K +10,620 New
AGM
36
Alpine Global Management
New York
$128K +$128K +10,407 New
NGA
37
Naples Global Advisors
Florida
$126K +$126K +10,200 New
CG
38
Cutler Group
California
$123K – – –
PWSG
39
Pacific Wealth Strategies Group
California
$123K – – –
AG
40
Advisor Group
Arizona
$121K +$24.2K +1,963 +25%
IA
41
IFP Advisors
Florida
$84K – – –
Northwestern Mutual Wealth Management
42
Northwestern Mutual Wealth Management
Wisconsin
$77K +$3.6K +292 +5%
AA
43
Apriem Advisors
California
$74K – – –
Creative Planning
44
Creative Planning
Kansas
$56K -$24.7K -2,009 -31%
DADC
45
D.A. Davidson & Co
Montana
$36K – – –
GT
46
Glenmede Trust
Pennsylvania
$24K – – –
US Bancorp
47
US Bancorp
Minnesota
$18K – – –
GAM
48
Gemmer Asset Management
California
$9K +$123 +10 +1%
BCM
49
Blume Capital Management
California
$6K – – –
Citigroup
50
Citigroup
New York
$6K – – –
1
2
3

VCV Hedge Fund Activity: Q1 2017 in Review

51 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q1 2017, worth a combined $61.1M — up 5.8% from $57.7M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of VCV and 5 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 16 added.

The largest buyer was Bank of America, adding an estimated $1.22M. The largest seller was Northern Trust, cutting an estimated $2.86M.

  • 51 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q1 2017, down from 52 in Q4 2016.
  • Funds reported $61.1M of Invesco California Value Municipal Income Trust stock for Q1 2017, up 5.8% quarter-over-quarter.
  • 5 funds opened new Invesco California Value Municipal Income Trust positions in Q1 2017 and 6 closed out, a net change of -1 holder.
  • The largest Invesco California Value Municipal Income Trust buyer in Q1 2017 was Bank of America, an estimated $1.22M added.
  • The largest Invesco California Value Municipal Income Trust seller in Q1 2017 was Northern Trust, an estimated $2.86M sold.

Based on aggregated 13F filings for Q1 2017.