Invesco California Value Municipal Income Trust
VCV
45 hedge funds and large institutions have $45.5M invested in Invesco California Value Municipal Income Trust in 2019 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 7 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 10
5% more capital invested
Capital invested by funds: $43.5M → $45.5M (+$1.98M)
0.24% less ownership
Funds ownership: 8.05% → 7.81% (-0.24%)
4% less funds holding
Funds holding: 47 → 45 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$956K |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
+$820K |
| 3 |
Morgan Stanley
New York
|
+$623K |
| 4 |
AA
Apriem Advisors
Irvine,
California
|
+$274K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$245K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.87M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.04M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$574K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$370K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$229K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
51
IFP Advisors
Tampa,
Florida
| – | -$17K | -1,515 | Closed |
|
52
Citigroup
New York
| – | -$6K | -500 | Closed |
|
VCV Hedge Fund Activity: Q1 2019 in Review
45 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q1 2019, worth a combined $45.5M — up 4.6% from $43.5M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of VCV and 5 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 15 added.
The largest buyer was UBS Group, adding an estimated $956K. The largest seller was Robinson Capital Management, exiting entirely with an estimated $1.87M sold.
- 45 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q1 2019, down from 47 in Q4 2018.
- Funds reported $45.5M of Invesco California Value Municipal Income Trust stock for Q1 2019, up 4.6% quarter-over-quarter.
- 5 funds opened new Invesco California Value Municipal Income Trust positions in Q1 2019 and 7 closed out, a net change of -2 holders.
- The largest Invesco California Value Municipal Income Trust buyer in Q1 2019 was UBS Group, an estimated $956K added.
- The largest Invesco California Value Municipal Income Trust seller in Q1 2019 was Robinson Capital Management, an estimated $1.87M sold.
Based on aggregated 13F filings for Q1 2019.