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Invesco California Value Municipal Income Trust
VCV

47 hedge funds and large institutions have $43.5M invested in Invesco California Value Municipal Income Trust in 2018 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

2% more funds holding

Funds holding: 46 → 47 (+1)

7% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 14

0.11% more ownership

Funds ownership: 7.94% → 8.05% (+0.11%)

2% less capital invested

Capital invested by funds: $44.3M → $43.5M (-$714K)

Holders
47
Holders Change
+1
Holders Change %
+2.17%
% of All Funds
1.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
15
Reduced
14
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$1.87M
2
Wells Fargo
Wells Fargo
California
+$1.77M
3
LCM
Landscape Capital Management
New Jersey
+$1.09M
4
Morgan Stanley
Morgan Stanley
New York
+$596K
5
WS
Wedbush Securities
California
+$406K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$4.06M
2
EWM
Edge Wealth Management
New York
-$541K
3
GC
Guggenheim Capital
Illinois
-$416K
4
AAM
Advisors Asset Management
Colorado
-$360K
5
FFA
First Foundation Advisors
California
-$301K
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$231K +$130K +11,467 +127%
WT
27
Whittier Trust
California
$228K – – –
LPL Financial
28
LPL Financial
California
$224K +$18.2K +1,610 +9%
Stifel Financial
29
Stifel Financial
Missouri
$190K +$20.3K +1,800 +12%
WAM
30
Wolverine Asset Management
Illinois
$180K +$181K +15,999 New
LWAC
31
Laurel Wealth Advisors (California)
California
$178K +$178K +15,792 New
First Trust Advisors
32
First Trust Advisors
Illinois
$166K +$13.7K +1,211 +9%
HCM
33
Hollencrest Capital Management
California
$164K -$316 -28 -0.2%
Bank of New York Mellon
34
Bank of New York Mellon
New York
$147K – – –
OC
35
Oppenheimer & Co
New York
$141K +$1.83K +162 +1%
CCM
36
CWH Capital Management
Washington
$122K +$122K +10,786 New
RCM
37
Rivernorth Capital Management
Florida
$114K +$115K +10,173 New
CG
38
Cutler Group
California
$113K – – –
TJHA
39
Thomas J. Herzfeld Advisors
Florida
$68K +$67.8K +6,000 New
MA
40
MUFG Americas
New York
$52K – – –
CFG
41
CKW Financial Group
Hawaii
$44K – – –
IA
42
IFP Advisors
Florida
$17K +$5.41K +479 +46%
US Bancorp
43
US Bancorp
Minnesota
$16K – – –
GAM
44
Gemmer Asset Management
California
$9K -$5.47K -484 -37%
Citigroup
45
Citigroup
New York
$6K – – –
Northwestern Mutual Wealth Management
46
Northwestern Mutual Wealth Management
Wisconsin
$3K -$17K -1,508 -84%
GT
47
Glenmede Trust
Pennsylvania
$22 +$22.6K +2,000 New
MA
48
Mutual Advisors
Nebraska
– -$217K -18,574 Closed
RJA
49
Raymond James & Associates
Florida
– -$144K -12,308 Closed
VCWA
50
Vanguard Capital Wealth Advisors
Colorado
– -$122K -10,500 Closed
1
2
3

VCV Hedge Fund Activity: Q4 2018 in Review

47 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q4 2018, worth a combined $43.5M — down 1.6% from $44.3M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new VCV positions and 5 closed out — a net gain of 2 holders — while 15 added to existing stakes and 14 trimmed.

The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.87M. The largest seller was Bank of America, cutting an estimated $4.06M.

  • 47 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q4 2018, up from 46 in Q3 2018.
  • Funds reported $43.5M of Invesco California Value Municipal Income Trust stock for Q4 2018, down 1.6% quarter-over-quarter.
  • 7 funds opened new Invesco California Value Municipal Income Trust positions in Q4 2018 and 5 closed out, a net change of +2 holders.
  • The largest Invesco California Value Municipal Income Trust buyer in Q4 2018 was Robinson Capital Management, an estimated $1.87M added.
  • The largest Invesco California Value Municipal Income Trust seller in Q4 2018 was Bank of America, an estimated $4.06M sold.

Based on aggregated 13F filings for Q4 2018.