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Invesco California Value Municipal Income Trust
VCV

53 hedge funds and large institutions have $48.2M invested in Invesco California Value Municipal Income Trust in 2018 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 10 increasing their positions, 16 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

275% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 4

26% more funds holding

Funds holding: 42 → 53 (+11)

16% more capital invested

Capital invested by funds: $41.4M → $48.2M (+$6.81M)

1.14% more ownership

Funds ownership: 7.37% → 8.51% (+1.1%)

38% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 16

Holders
53
Holders Change
+11
Holders Change %
+26.19%
% of All Funds
1.21%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
10
Reduced
16
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$4.74M
2
LCM
Laurion Capital Management
New York
+$1.63M
3
Morgan Stanley
Morgan Stanley
New York
+$775K
4
RCM
Rivernorth Capital Management
Florida
+$496K
5
DADC
D.A. Davidson & Co
Montana
+$417K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$1.65M
2
Invesco
Invesco
Georgia
-$309K
3
UBS Group
UBS Group
Switzerland
-$266K
4
EHC
Everett Harris & Co
California
-$187K
5
Millennium Management
Millennium Management
New York
-$184K
Name Holding Trade Value Shares
Change 		Change in
Stake
MA
26
Mutual Advisors
Nebraska
$219K +$218K +18,574 New
Millennium Management
27
Millennium Management
New York
$205K -$184K -15,697 -47%
LPL Financial
28
LPL Financial
California
$185K -$173K -14,727 -48%
Stifel Financial
29
Stifel Financial
Missouri
$175K +$173K +14,729 New
HCM
30
Hollencrest Capital Management
California
$170K -$10.2K -873 -6%
First Trust Advisors
31
First Trust Advisors
Illinois
$164K -$11.6K -990 -7%
Bank of New York Mellon
32
Bank of New York Mellon
New York
$153K +$16.5K +1,404 +12%
GJIC
33
Gamble Jones Investment Counsel
California
$146K – – –
SG Americas Securities
34
SG Americas Securities
New York
$146K +$146K +12,406 New
WS
35
Wedbush Securities
California
$143K -$24.6K -2,100 -15%
DI
36
Diligent Investors
California
$135K – – –
DA
37
Doliver Advisors
Texas
$124K -$26K -2,215 -17%
VCWA
38
Vanguard Capital Wealth Advisors
Colorado
$123K +$123K +10,500 New
CG
39
Cutler Group
California
$118K – – –
LTFS
40
Ladenburg Thalmann Financial Services
Florida
$86K – – –
AA
41
Apriem Advisors
California
$71K +$70.4K +6,000 New
SEI Investments
42
SEI Investments
Pennsylvania
$68K – – –
MA
43
MUFG Americas
New York
$54K – – –
CFG
44
CKW Financial Group
Hawaii
$46K +$45.9K +3,910 New
IA
45
IFP Advisors
Florida
$40K -$27.4K -2,334 -41%
Northwestern Mutual Wealth Management
46
Northwestern Mutual Wealth Management
Wisconsin
$36K – – –
PA
47
Parallel Advisors
California
$30K +$30.6K +2,611 New
GT
48
Glenmede Trust
Pennsylvania
$24K +$23.5K +2,000 New
US Bancorp
49
US Bancorp
Minnesota
$17K – – –
GAM
50
Gemmer Asset Management
California
$9K +$117 +10 +1%
1
2
3

VCV Hedge Fund Activity: Q2 2018 in Review

53 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q2 2018, worth a combined $48.2M — up 16% from $41.4M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new VCV positions and 4 closed out — a net gain of 11 holders — while 10 added to existing stakes and 16 trimmed.

The largest buyer was Bank of America, adding an estimated $4.74M. The largest seller was Advisors Asset Management, cutting an estimated $1.65M.

  • 53 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q2 2018, up from 42 in Q1 2018.
  • Funds reported $48.2M of Invesco California Value Municipal Income Trust stock for Q2 2018, up 16% quarter-over-quarter.
  • 15 funds opened new Invesco California Value Municipal Income Trust positions in Q2 2018 and 4 closed out, a net change of +11 holders.
  • The largest Invesco California Value Municipal Income Trust buyer in Q2 2018 was Bank of America, an estimated $4.74M added.
  • The largest Invesco California Value Municipal Income Trust seller in Q2 2018 was Advisors Asset Management, an estimated $1.65M sold.

Based on aggregated 13F filings for Q2 2018.