Invesco California Value Municipal Income Trust
VCV
45 hedge funds and large institutions have $49.7M invested in Invesco California Value Municipal Income Trust in 2019 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 12 increasing their positions, 14 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
7% more funds holding
Funds holding: 42 → 45 (+3)
0.09% less ownership
Funds ownership: 8.15% → 8.06% (-0.09%)
1% less capital invested
Capital invested by funds: $50M → $49.7M (-$305K)
14% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.07M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$537K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$506K |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
+$255K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$232K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$760K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$701K |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$606K |
| 4 |
OFG
OTA Financial Group
Purchase,
New York
|
-$339K |
| 5 |
LWAC
Laurel Wealth Advisors (California)
Solana Beach,
California
|
-$310K |
VCV Hedge Fund Activity: Q4 2019 in Review
45 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q4 2019, worth a combined $49.7M — down 0.61% from $50M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new VCV positions and 6 closed out — a net gain of 4 holders — while 12 added to existing stakes and 14 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.07M. The largest seller was D.A. Davidson & Co, exiting entirely with an estimated $760K sold.
- 45 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q4 2019, up from 42 in Q3 2019.
- Funds reported $49.7M of Invesco California Value Municipal Income Trust stock for Q4 2019, down 0.61% quarter-over-quarter.
- 10 funds opened new Invesco California Value Municipal Income Trust positions in Q4 2019 and 6 closed out, a net change of +4 holders.
- The largest Invesco California Value Municipal Income Trust buyer in Q4 2019 was Morgan Stanley, an estimated $1.07M added.
- The largest Invesco California Value Municipal Income Trust seller in Q4 2019 was D.A. Davidson & Co, an estimated $760K sold.
Based on aggregated 13F filings for Q4 2019.