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Invesco California Value Municipal Income Trust
VCV

40 hedge funds and large institutions have $47.4M invested in Invesco California Value Municipal Income Trust in 2019 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 11

4% more capital invested

Capital invested by funds: $45.5M → $47.4M (+$1.85M)

0.21% less ownership

Funds ownership: 7.81% → 7.6% (-0.21%)

11% less funds holding

Funds holding: 45 → 40 (-5)

50% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 10

Holders
40
Holders Change
-5
Holders Change %
-11.11%
% of All Funds
0.87%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
13
Reduced
11
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$939K
2
JWA
JFS Wealth Advisors
Pennsylvania
+$330K
3
Bank of America
Bank of America
North Carolina
+$233K
4
MML Investors Services
MML Investors Services
Massachusetts
+$151K
5
Ameriprise
Ameriprise
Minnesota
+$142K

Top Sellers

Rank Fund Capital Flow
1
LCM
Landscape Capital Management
New Jersey
-$692K
2
GC
Guggenheim Capital
Illinois
-$601K
3
VCM
Vivaldi Capital Management
Illinois
-$326K
4
AAM
Advisors Asset Management
Colorado
-$316K
5
SCP
Syntal Capital Partners
Texas
-$280K
Name Holding Trade Value Shares
Change 		Change in
Stake
First Trust Advisors
26
First Trust Advisors
Illinois
$191K -$510 -41 -0.3%
Stifel Financial
27
Stifel Financial
Missouri
$188K -$29.8K -2,397 -14%
HCM
28
Hollencrest Capital Management
California
$188K +$324 +26 +0.2%
MML Investors Services
29
MML Investors Services
Massachusetts
$157K +$151K +12,140 New
GSWM
30
Golden State Wealth Management
California
$151K +$137 +11 +0.1%
Ameriprise
31
Ameriprise
Minnesota
$147K +$142K +11,382 New
MCP
32
Mirador Capital Partners
California
$146K +$141K +11,316 New
VCWA
33
Vanguard Capital Wealth Advisors
Colorado
$135K – – –
SWP
34
Stratos Wealth Partners
Ohio
$130K +$125K +10,025 New
CG
35
Cutler Group
California
$129K – – –
MA
36
MUFG Americas
New York
$60K – – –
US Bancorp
37
US Bancorp
Minnesota
$19K – – –
ETI
38
Enterprise Trust & Investment
California
$14K +$13.4K +1,075 New
GAM
39
Gemmer Asset Management
California
$11K +$124 +10 +1%
GT
40
Glenmede Trust
Pennsylvania
$25 – – –
VCM
41
Vivaldi Capital Management
Illinois
– -$326K -26,799 Closed
SCP
42
Syntal Capital Partners
Texas
– -$280K -23,119 Closed
ACA
43
Ackerman Capital Advisors
Texas
– -$201 -16,519 Closed
LWAC
44
Laurel Wealth Advisors (California)
California
– -$174K -14,344 Closed
Bank of New York Mellon
45
Bank of New York Mellon
New York
– -$158K -13,000 Closed
OC
46
Oppenheimer & Co
New York
– -$153K -12,615 Closed
RJA
47
Raymond James & Associates
Florida
– -$146K -12,004 Closed
TJHA
48
Thomas J. Herzfeld Advisors
Florida
– -$73K -6,000 Closed
CFG
49
CKW Financial Group
Hawaii
– -$48K -3,910 Closed
Northwestern Mutual Wealth Management
50
Northwestern Mutual Wealth Management
Wisconsin
– -$4K -292 Closed
1
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VCV Hedge Fund Activity: Q2 2019 in Review

40 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q2 2019, worth a combined $47.4M — up 4.1% from $45.5M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of VCV and 5 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 13 added.

The largest buyer was Morgan Stanley, adding an estimated $939K. The largest seller was Landscape Capital Management, cutting an estimated $692K.

  • 40 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q2 2019, down from 45 in Q1 2019.
  • Funds reported $47.4M of Invesco California Value Municipal Income Trust stock for Q2 2019, up 4.1% quarter-over-quarter.
  • 5 funds opened new Invesco California Value Municipal Income Trust positions in Q2 2019 and 10 closed out, a net change of -5 holders.
  • The largest Invesco California Value Municipal Income Trust buyer in Q2 2019 was Morgan Stanley, an estimated $939K added.
  • The largest Invesco California Value Municipal Income Trust seller in Q2 2019 was Landscape Capital Management, an estimated $692K sold.

Based on aggregated 13F filings for Q2 2019.