Invesco California Value Municipal Income Trust
VCV
52 hedge funds and large institutions have $57.7M invested in Invesco California Value Municipal Income Trust in 2016 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 1 closing their positions.
1,500% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 1
89% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 9
41% more funds holding
Funds holding: 37 → 52 (+15)
19% more capital invested
Capital invested by funds: $48.6M → $57.7M (+$9.18M)
3.13% more ownership
Funds ownership: 7.36% → 10.49% (+3.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.61M |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$3.43M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$2.72M |
| 4 |
Morgan Stanley
New York
|
+$2.2M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$2.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$601K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$592K |
| 3 |
JWA
JFS Wealth Advisors
Hermitage,
Pennsylvania
|
-$492K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$459K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$449K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCM
51
Blume Capital Management
Berkeley,
California
| $6K | – | – | – |
|
52
Citigroup
New York
| $6K | +$6.31K | +500 | New |
|
|
IWMPD
53
Integrated Wealth Management (Palm Desert)
Palm Desert,
California
| – | -$8K | -608 | Closed |
|
VCV Hedge Fund Activity: Q4 2016 in Review
52 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q4 2016, worth a combined $57.7M — up 19% from $48.6M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new VCV positions and 1 closed out — a net gain of 15 holders — while 17 added to existing stakes and 9 trimmed.
The largest buyer was Bank of America, adding an estimated $3.61M. The largest seller was Advisors Asset Management, cutting an estimated $601K.
- 52 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q4 2016, up from 37 in Q3 2016.
- Funds reported $57.7M of Invesco California Value Municipal Income Trust stock for Q4 2016, up 19% quarter-over-quarter.
- 16 funds opened new Invesco California Value Municipal Income Trust positions in Q4 2016 and 1 closed out, a net change of +15 holders.
- The largest Invesco California Value Municipal Income Trust buyer in Q4 2016 was Bank of America, an estimated $3.61M added.
- The largest Invesco California Value Municipal Income Trust seller in Q4 2016 was Advisors Asset Management, an estimated $601K sold.
Based on aggregated 13F filings for Q4 2016.