Invesco California Value Municipal Income Trust
VCV
39 hedge funds and large institutions have $34.6M invested in Invesco California Value Municipal Income Trust in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 5 reducing their positions, and 3 closing their positions.
260% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 5
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
9% more capital invested
Capital invested by funds: $31.6M → $34.6M (+$2.95M)
3% more funds holding
Funds holding: 38 → 39 (+1)
0.39% more ownership
Funds ownership: 5.28% → 5.67% (+0.39%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$914K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$640K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$519K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$396K |
| 5 |
LSA
L & S Advisors
Los Angeles,
California
|
+$160K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$466K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$266K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$240K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$140K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$58.8K |
VCV Hedge Fund Activity: Q3 2014 in Review
39 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q3 2014, worth a combined $34.6M — up 9.3% from $31.6M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new VCV positions and 3 closed out — a net gain of 1 holder — while 18 added to existing stakes and 5 trimmed.
The largest buyer was Bank of America, adding an estimated $914K. The largest seller was Global Endowment Management, cutting an estimated $466K.
- 39 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q3 2014, up from 38 in Q2 2014.
- Funds reported $34.6M of Invesco California Value Municipal Income Trust stock for Q3 2014, up 9.3% quarter-over-quarter.
- 4 funds opened new Invesco California Value Municipal Income Trust positions in Q3 2014 and 3 closed out, a net change of +1 holder.
- The largest Invesco California Value Municipal Income Trust buyer in Q3 2014 was Bank of America, an estimated $914K added.
- The largest Invesco California Value Municipal Income Trust seller in Q3 2014 was Global Endowment Management, an estimated $466K sold.
Based on aggregated 13F filings for Q3 2014.