Invesco California Value Municipal Income Trust
VCV
47 hedge funds and large institutions have $54.4M invested in Invesco California Value Municipal Income Trust in 2020 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 15 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 15
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.65% less ownership
Funds ownership: 10.75% → 9.1% (-1.6%)
9% less capital invested
Capital invested by funds: $60M → $54.4M (-$5.64M)
24% less funds holding
Funds holding: 62 → 47 (-15)
93% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.45M |
| 2 |
EW
Evoke Wealth
Los Angeles,
California
|
+$628K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$623K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$442K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$310K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$4.3M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.34M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$921K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$886K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$821K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MC
51
Matisse Capital
Portland,
Oregon
| – | -$674K | -57,743 | Closed |
|
|
ACA
52
Ackerman Capital Advisors
Dallas,
Texas
| – | -$656K | -56,180 | Closed |
|
|
LCM
53
Landscape Capital Management
Englewood,
New Jersey
| – | -$522K | -44,726 | Closed |
|
|
DWM
54
Dakota Wealth Management
Palm Beach Gardens,
Florida
| – | -$223K | -19,100 | Closed |
|
|
AA
55
Apriem Advisors
Irvine,
California
| – | -$441K | -16,150 | Closed |
|
|
RCM
56
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$175K | -15,000 | Closed |
|
|
CFG
57
Cooper Financial Group
Irvine,
California
| – | -$159K | -13,583 | Closed |
|
58
Goldman Sachs
New York
| – | -$140K | -11,993 | Closed |
|
|
MF
59
Manchester Financial
Westlake Village,
California
| – | -$130K | -11,089 | Closed |
|
|
CAN
60
Cetera Advisor Networks
El Segundo,
California
| – | -$76K | -6,479 | Closed |
|
61
Rockefeller Capital Management
New York
| – | -$61K | -5,238 | Closed |
|
|
PAG
62
Private Advisor Group
Morristown,
New Jersey
| – | -$29K | -2,511 | Closed |
|
VCV Hedge Fund Activity: Q3 2020 in Review
47 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q3 2020, worth a combined $54.4M — down 9.4% from $60M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of VCV and 1 opened new positions — a net loss of 14 holders — while 15 trimmed existing stakes and 16 added.
The largest buyer was UBS Group, adding an estimated $1.45M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $4.3M sold.
- 47 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q3 2020, down from 62 in Q2 2020.
- Funds reported $54.4M of Invesco California Value Municipal Income Trust stock for Q3 2020, down 9.4% quarter-over-quarter.
- 1 fund opened new Invesco California Value Municipal Income Trust positions in Q3 2020 and 15 closed out, a net change of -14 holders.
- The largest Invesco California Value Municipal Income Trust buyer in Q3 2020 was UBS Group, an estimated $1.45M added.
- The largest Invesco California Value Municipal Income Trust seller in Q3 2020 was Robinson Capital Management, an estimated $4.3M sold.
Based on aggregated 13F filings for Q3 2020.