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Invesco California Value Municipal Income Trust
VCV

46 hedge funds and large institutions have $55.4M invested in Invesco California Value Municipal Income Trust in 2020 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 12

2% more capital invested

Capital invested by funds: $54.4M → $55.4M (+$1.06M)

0% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 7

0.34% less ownership

Funds ownership: 9.1% → 8.76% (-0.34%)

2% less funds holding

Funds holding: 47 → 46 (-1)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
46
Holders Change
-1
Holders Change %
-2.13%
% of All Funds
0.81%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
7
Increased
14
Reduced
12
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$767K
2
DADC
D.A. Davidson & Co
Montana
+$474K
3
Morgan Stanley
Morgan Stanley
New York
+$400K
4
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$185K
5
CFG
Cooper Financial Group
California
+$176K

Top Sellers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.97M
2
AA
AQR Arbitrage
Connecticut
-$992K
3
WS
Wedbush Securities
California
-$600K
4
CRC
Curi RMB Capital
Illinois
-$484K
5
MA
MUFG Americas
New York
-$368K
Name Holding Trade Value Shares
Change 		Change in
Stake
WT
26
Whittier Trust
California
$267K – – –
KA
27
Kercheville Advisors
Texas
$225K +$214K +17,000 New
MCP
28
Mirador Capital Partners
California
$219K +$2.02K +160 +1%
RJFSA
29
Raymond James Financial Services Advisors
Florida
$218K -$101K -8,000 -33%
EWF
30
Epstein & White Financial
California
$201K +$1.46K +116 +0.8%
Cetera Investment Advisers
31
Cetera Investment Advisers
Illinois
$194K +$185K +14,640 New
CFG
32
Cooper Financial Group
California
$184K +$176K +13,918 New
DI
33
Diligent Investors
California
$170K – – –
GSEP
34
Golden State Equity Partners
California
$165K +$158K +12,509 New
ACI
35
Alpha Cubed Investments
California
$146K – – –
VCWA
36
Vanguard Capital Wealth Advisors
Colorado
$138K +$132K +10,500 New
MAM
37
McCarthy Asset Management
California
$130K +$124K +9,814 New
CG
38
Cutler Group
California
$19K – – –
US Bancorp
39
US Bancorp
Minnesota
$19K – – –
Northwestern Mutual Wealth Management
40
Northwestern Mutual Wealth Management
Wisconsin
$17K – – –
ETI
41
Enterprise Trust & Investment
California
$14K – – –
GAM
42
Gemmer Asset Management
California
$12K +$126 +10 +1%
AIP
43
Ameritas Investment Partners
Nebraska
$7K – – –
APWM
44
Atlas Private Wealth Management
New York
$5K – – –
LGWM
45
Litman Gregory Wealth Management
California
$3K -$26.5K -2,100 -89%
PAM
46
Panagora Asset Management
Massachusetts
$1K -$4.4K -349 -82%
WS
47
Wedbush Securities
California
– -$600K -48,077 Closed
CRC
48
Curi RMB Capital
Illinois
– -$484K -38,752 Closed
MA
49
MUFG Americas
New York
– -$368K -29,463 Closed
COF
50
Capital One Financial
Virginia
– -$258K -20,658 Closed
1
2
3

VCV Hedge Fund Activity: Q4 2020 in Review

46 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q4 2020, worth a combined $55.4M — up 2% from $54.4M a quarter earlier.

Fund positioning in VCV was balanced in Q4 2020: 7 funds opened new positions, 7 closed out, 14 added to existing stakes and 12 trimmed.

The largest buyer was UBS Group, adding an estimated $767K. The largest seller was Royal Bank of Canada, cutting an estimated $1.97M.

  • 46 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q4 2020, down from 47 in Q3 2020.
  • Funds reported $55.4M of Invesco California Value Municipal Income Trust stock for Q4 2020, up 2% quarter-over-quarter.
  • 7 funds opened new Invesco California Value Municipal Income Trust positions in Q4 2020 and 7 closed out, a net change of 0 holders.
  • The largest Invesco California Value Municipal Income Trust buyer in Q4 2020 was UBS Group, an estimated $767K added.
  • The largest Invesco California Value Municipal Income Trust seller in Q4 2020 was Royal Bank of Canada, an estimated $1.97M sold.

Based on aggregated 13F filings for Q4 2020.