Invesco California Value Municipal Income Trust
VCV
40 hedge funds and large institutions have $40.4M invested in Invesco California Value Municipal Income Trust in 2014 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 5 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 7
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
17% more capital invested
Capital invested by funds: $34.6M → $40.4M (+$5.82M)
3% more funds holding
Funds holding: 39 → 40 (+1)
0.49% more ownership
Funds ownership: 5.67% → 6.15% (+0.49%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.87M |
| 2 |
LSA
L & S Advisors
Los Angeles,
California
|
+$829K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$636K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$547K |
| 5 |
SG Americas Securities
New York
|
+$400K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$582K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$431K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$430K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$395K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$313K |
VCV Hedge Fund Activity: Q4 2014 in Review
40 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q4 2014, worth a combined $40.4M — up 17% from $34.6M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new VCV positions and 5 closed out — a net gain of 2 holders — while 14 added to existing stakes and 7 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.87M. The largest seller was Bank of America, cutting an estimated $582K.
- 40 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q4 2014, up from 39 in Q3 2014.
- Funds reported $40.4M of Invesco California Value Municipal Income Trust stock for Q4 2014, up 17% quarter-over-quarter.
- 7 funds opened new Invesco California Value Municipal Income Trust positions in Q4 2014 and 5 closed out, a net change of +2 holders.
- The largest Invesco California Value Municipal Income Trust buyer in Q4 2014 was Morgan Stanley, an estimated $1.87M added.
- The largest Invesco California Value Municipal Income Trust seller in Q4 2014 was Bank of America, an estimated $582K sold.
Based on aggregated 13F filings for Q4 2014.