Invesco California Value Municipal Income Trust
VCV
35 hedge funds and large institutions have $27.9M invested in Invesco California Value Municipal Income Trust in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 6 closing their positions.
150% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 6
35% more funds holding
Funds holding: 26 → 35 (+9)
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
1% more capital invested
Capital invested by funds: $27.7M → $27.9M (+$144K)
0.07% less ownership
Funds ownership: 5.18% → 5.11% (-0.07%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
+$1.62M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.11M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.02M |
| 4 |
LSA
L & S Advisors
Los Angeles,
California
|
+$542K |
| 5 |
SG Americas Securities
New York
|
+$448K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JWA
JFS Wealth Advisors
Hermitage,
Pennsylvania
|
-$3.19M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
-$3.02M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.88M |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$628K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$315K |
VCV Hedge Fund Activity: Q4 2013 in Review
35 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q4 2013, worth a combined $27.9M — up 0.52% from $27.7M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new VCV positions and 6 closed out — a net gain of 9 holders — while 7 added to existing stakes and 6 trimmed.
The largest buyer was Global Endowment Management, opening a new position worth an estimated $1.62M. The largest seller was JFS Wealth Advisors, exiting entirely with an estimated $3.19M sold.
- 35 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q4 2013, up from 26 in Q3 2013.
- Funds reported $27.9M of Invesco California Value Municipal Income Trust stock for Q4 2013, up 0.52% quarter-over-quarter.
- 15 funds opened new Invesco California Value Municipal Income Trust positions in Q4 2013 and 6 closed out, a net change of +9 holders.
- The largest Invesco California Value Municipal Income Trust buyer in Q4 2013 was Global Endowment Management, an estimated $1.62M added.
- The largest Invesco California Value Municipal Income Trust seller in Q4 2013 was JFS Wealth Advisors, an estimated $3.19M sold.
Based on aggregated 13F filings for Q4 2013.