Invesco California Value Municipal Income Trust
VCV
61 hedge funds and large institutions have $51M invested in Invesco California Value Municipal Income Trust in 2020 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 18 increasing their positions, 10 reducing their positions, and 1 closing their positions.
2,100% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 1
80% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 10
36% more funds holding
Funds holding: 45 → 61 (+16)
1.3% more ownership
Funds ownership: 8.06% → 9.36% (+1.3%)
3% more capital invested
Capital invested by funds: $49.7M → $51M (+$1.29M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.88M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.23M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$1.1M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.02M |
| 5 |
HCM
Hollencrest Capital Management
Newport Beach,
California
|
+$933K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JWA
JFS Wealth Advisors
Hermitage,
Pennsylvania
|
-$1.35M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$871K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$742K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$283K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$241K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GT
51
Glenmede Trust
Philadelphia,
Pennsylvania
| $25K | – | – | – |
|
|
CG
52
Cutler Group
San Francisco,
California
| $16K | -$107K | -8,500 | -85% |
|
53
US Bancorp
Minneapolis,
Minnesota
| $16K | – | – | – |
|
54
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $15K | +$16.5K | +1,315 | New |
|
|
ETI
55
Enterprise Trust & Investment
Los Gatos,
California
| $12K | – | – | – |
|
|
HFA
56
HC Financial Advisors
Lafayette,
California
| $12K | +$13K | +1,035 | New |
|
|
GAM
57
Gemmer Asset Management
Walnut Creek,
California
| $10K | +$113 | +9 | +1% |
|
|
AIP
58
Ameritas Investment Partners
Lincoln,
Nebraska
| $6K | – | – | – |
|
|
PAM
59
Panagora Asset Management
Boston,
Massachusetts
| $5K | +$2.37K | +189 | +80% |
|
|
CAN
60
Claraphi Advisory Network
Aliso Viejo,
United States
| $5K | +$5.01K | +400 | New |
|
|
APWM
61
Atlas Private Wealth Management
Albany,
New York
| $4K | – | – | – |
|
|
ACM
62
Anfield Capital Management
Irvine,
California
| – | -$20K | -1,579 | Closed |
|
VCV Hedge Fund Activity: Q1 2020 in Review
61 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q1 2020, worth a combined $51M — up 2.6% from $49.7M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new VCV positions and 1 closed out — a net gain of 21 holders — while 18 added to existing stakes and 10 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.88M. The largest seller was JFS Wealth Advisors, cutting an estimated $1.35M.
- 61 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q1 2020, up from 45 in Q4 2019.
- Funds reported $51M of Invesco California Value Municipal Income Trust stock for Q1 2020, up 2.6% quarter-over-quarter.
- 22 funds opened new Invesco California Value Municipal Income Trust positions in Q1 2020 and 1 closed out, a net change of +21 holders.
- The largest Invesco California Value Municipal Income Trust buyer in Q1 2020 was Morgan Stanley, an estimated $1.88M added.
- The largest Invesco California Value Municipal Income Trust seller in Q1 2020 was JFS Wealth Advisors, an estimated $1.35M sold.
Based on aggregated 13F filings for Q1 2020.