Invesco California Value Municipal Income Trust
VCV
53 hedge funds and large institutions have $48.2M invested in Invesco California Value Municipal Income Trust in 2018 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 10 increasing their positions, 16 reducing their positions, and 4 closing their positions.
275% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 4
26% more funds holding
Funds holding: 42 → 53 (+11)
16% more capital invested
Capital invested by funds: $41.4M → $48.2M (+$6.81M)
1.14% more ownership
Funds ownership: 7.37% → 8.51% (+1.1%)
38% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$4.74M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$1.63M |
| 3 |
Morgan Stanley
New York
|
+$775K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$496K |
| 5 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$417K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.65M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$309K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$266K |
| 4 |
EHC
Everett Harris & Co
Los Angeles,
California
|
-$187K |
| 5 |
Millennium Management
New York
|
-$184K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WWMSC
51
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
| $9K | +$9.39K | +800 | New |
|
52
Citigroup
New York
| $6K | – | – | – |
|
|
CF
53
Centaurus Financial
Anaheim,
California
| $3K | +$2.71K | +231 | New |
|
54
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $3K | +$3.11K | +265 | New |
|
|
EHC
55
Everett Harris & Co
Los Angeles,
California
| – | -$187K | -16,059 | Closed |
|
|
SWP
56
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$63K | -5,400 | Closed |
|
|
BCM
57
Blume Capital Management
Berkeley,
California
| – | -$5K | -500 | Closed |
|
|
DWM
58
Destination Wealth Management
Walnut Creek,
California
| – | -$2K | -74 | Closed |
|
VCV Hedge Fund Activity: Q2 2018 in Review
53 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q2 2018, worth a combined $48.2M — up 16% from $41.4M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new VCV positions and 4 closed out — a net gain of 11 holders — while 10 added to existing stakes and 16 trimmed.
The largest buyer was Bank of America, adding an estimated $4.74M. The largest seller was Advisors Asset Management, cutting an estimated $1.65M.
- 53 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q2 2018, up from 42 in Q1 2018.
- Funds reported $48.2M of Invesco California Value Municipal Income Trust stock for Q2 2018, up 16% quarter-over-quarter.
- 15 funds opened new Invesco California Value Municipal Income Trust positions in Q2 2018 and 4 closed out, a net change of +11 holders.
- The largest Invesco California Value Municipal Income Trust buyer in Q2 2018 was Bank of America, an estimated $4.74M added.
- The largest Invesco California Value Municipal Income Trust seller in Q2 2018 was Advisors Asset Management, an estimated $1.65M sold.
Based on aggregated 13F filings for Q2 2018.