Invesco California Value Municipal Income Trust
VCV
51 hedge funds and large institutions have $61.1M invested in Invesco California Value Municipal Income Trust in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 6 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
6% more capital invested
Capital invested by funds: $57.7M → $61.1M (+$3.36M)
0.04% less ownership
Funds ownership: 10.49% → 10.45% (-0.04%)
2% less funds holding
Funds holding: 52 → 51 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.22M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$971K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$870K |
| 4 |
Morgan Stanley
New York
|
+$769K |
| 5 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
+$519K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$2.86M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$613K |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$498K |
| 4 |
Squarepoint
New York
|
-$436K |
| 5 |
NFG
Next Financial Group
Houston,
Texas
|
-$329K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Northern Trust
Chicago,
Illinois
| $5K | -$2.86M | -232,303 | -86% |
|
|
WAM
52
Weiss Asset Management
Boston,
Massachusetts
| – | -$498K | -41,005 | Closed |
|
|
53
Squarepoint
New York
| – | -$436K | -35,900 | Closed |
|
|
NFG
54
Next Financial Group
Houston,
Texas
| – | -$329K | -27,123 | Closed |
|
|
TWA
55
TCI Wealth Advisors
Tucson,
Arizona
| – | -$302K | -24,841 | Closed |
|
|
MBT
56
Montecito Bank & Trust
Santa Barbara,
California
| – | -$89K | -7,300 | Closed |
|
|
MA
57
MUFG Americas
New York
| – | -$41K | -3,381 | Closed |
|
VCV Hedge Fund Activity: Q1 2017 in Review
51 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q1 2017, worth a combined $61.1M — up 5.8% from $57.7M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of VCV and 5 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 16 added.
The largest buyer was Bank of America, adding an estimated $1.22M. The largest seller was Northern Trust, cutting an estimated $2.86M.
- 51 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q1 2017, down from 52 in Q4 2016.
- Funds reported $61.1M of Invesco California Value Municipal Income Trust stock for Q1 2017, up 5.8% quarter-over-quarter.
- 5 funds opened new Invesco California Value Municipal Income Trust positions in Q1 2017 and 6 closed out, a net change of -1 holder.
- The largest Invesco California Value Municipal Income Trust buyer in Q1 2017 was Bank of America, an estimated $1.22M added.
- The largest Invesco California Value Municipal Income Trust seller in Q1 2017 was Northern Trust, an estimated $2.86M sold.
Based on aggregated 13F filings for Q1 2017.