Invesco California Value Municipal Income Trust
VCV
38 hedge funds and large institutions have $31.6M invested in Invesco California Value Municipal Income Trust in 2014 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 9 closing their positions.
12% more capital invested
Capital invested by funds: $28.3M → $31.6M (+$3.31M)
0.27% more ownership
Funds ownership: 5.01% → 5.28% (+0.27%)
7% less funds holding
Funds holding: 41 → 38 (-3)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JWA
JFS Wealth Advisors
Hermitage,
Pennsylvania
|
+$3.22M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$960K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$356K |
| 4 |
RFC
Regions Financial Corp
Birmingham,
Alabama
|
+$265K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$213K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$780K |
| 2 |
ACI
Alpha Cubed Investments
Irvine,
California
|
-$639K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$453K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$406K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$320K |
VCV Hedge Fund Activity: Q2 2014 in Review
38 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q2 2014, worth a combined $31.6M — up 12% from $28.3M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of VCV and 6 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 7 added.
The largest buyer was JFS Wealth Advisors, opening a new position worth an estimated $3.22M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $780K sold.
- 38 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q2 2014, down from 41 in Q1 2014.
- Funds reported $31.6M of Invesco California Value Municipal Income Trust stock for Q2 2014, up 12% quarter-over-quarter.
- 6 funds opened new Invesco California Value Municipal Income Trust positions in Q2 2014 and 9 closed out, a net change of -3 holders.
- The largest Invesco California Value Municipal Income Trust buyer in Q2 2014 was JFS Wealth Advisors, an estimated $3.22M added.
- The largest Invesco California Value Municipal Income Trust seller in Q2 2014 was Mariner Investment Group, an estimated $780K sold.
Based on aggregated 13F filings for Q2 2014.