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Invesco California Value Municipal Income Trust
VCV

62 hedge funds and large institutions have $60M invested in Invesco California Value Municipal Income Trust in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 14

18% more capital invested

Capital invested by funds: $51M → $60M (+$9.04M)

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

2% more funds holding

Funds holding: 61 → 62 (+1)

1.39% more ownership

Funds ownership: 9.36% → 10.75% (+1.4%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
62
Holders Change
+1
Holders Change %
+1.64%
% of All Funds
1.27%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
7
Increased
24
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$3.27M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.85M
3
CRC
Curi RMB Capital
Illinois
+$1.13M
4
AA
AQR Arbitrage
Connecticut
+$707K
5
GC
Guggenheim Capital
Illinois
+$703K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$1.4M
2
Osaic Holdings
Osaic Holdings
Arizona
-$387K
3
Invesco
Invesco
Georgia
-$356K
4
MF
Manchester Financial
California
-$351K
5
LPL Financial
LPL Financial
California
-$306K
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
26
RB Capital Management
Nevada
$484K -$35K -3,069 -7%
DADC
27
D.A. Davidson & Co
Montana
$481K +$33.6K +2,942 +8%
AA
28
Apriem Advisors
California
$441K -$70.8K -6,204 -28%
COLIM
29
City of London Investment Management
United Kingdom
$434K -$125K -10,915 -23%
EW
30
Evoke Wealth
California
$410K +$241K +21,158 +152%
LWAC
31
Laurel Wealth Advisors (California)
California
$351K +$1.47K +129 +0.4%
RJA
32
Raymond James & Associates
Florida
$308K -$37.7K -3,302 -11%
RJFSA
33
Raymond James Financial Services Advisors
Florida
$274K -$24K -2,100 -8%
COF
34
Capital One Financial
Virginia
$252K – – –
EWM
35
Edge Wealth Management
New York
$246K – – –
DWM
36
Dakota Wealth Management
Florida
$223K – – –
MCP
37
Mirador Capital Partners
California
$207K +$15.4K +1,346 +8%
DI
38
Diligent Investors
California
$191K +$187K +16,358 New
FAAS
39
First Allied Advisory Services
California
$176K +$13.7K +1,200 +9%
RCM
40
Rivernorth Capital Management
Florida
$175K +$171K +15,000 New
EWF
41
Epstein & White Financial
California
$174K +$1.92K +168 +1%
CFG
42
Cooper Financial Group
California
$159K +$7.38K +647 +5%
Stifel Financial
43
Stifel Financial
Missouri
$141K +$8.65K +758 +7%
Goldman Sachs
44
Goldman Sachs
New York
$140K -$228K -20,021 -63%
MF
45
Manchester Financial
California
$130K -$351K -30,793 -74%
ACI
46
Alpha Cubed Investments
California
$128K – – –
VCWA
47
Vanguard Capital Wealth Advisors
Colorado
$122K +$120K +10,500 New
WT
48
Whittier Trust
California
$114K -$119K -10,392 -52%
CAN
49
Cetera Advisor Networks
California
$76K +$73.9K +6,479 New
Rockefeller Capital Management
50
Rockefeller Capital Management
New York
$61K +$59.8K +5,238 New
1
2
3

VCV Hedge Fund Activity: Q2 2020 in Review

62 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q2 2020, worth a combined $60M — up 18% from $51M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new VCV positions and 6 closed out — a net gain of 1 holder — while 24 added to existing stakes and 14 trimmed.

The largest buyer was Robinson Capital Management, adding an estimated $3.27M. The largest seller was Bank of America, cutting an estimated $1.4M.

  • 62 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q2 2020, up from 61 in Q1 2020.
  • Funds reported $60M of Invesco California Value Municipal Income Trust stock for Q2 2020, up 18% quarter-over-quarter.
  • 7 funds opened new Invesco California Value Municipal Income Trust positions in Q2 2020 and 6 closed out, a net change of +1 holder.
  • The largest Invesco California Value Municipal Income Trust buyer in Q2 2020 was Robinson Capital Management, an estimated $3.27M added.
  • The largest Invesco California Value Municipal Income Trust seller in Q2 2020 was Bank of America, an estimated $1.4M sold.

Based on aggregated 13F filings for Q2 2020.