Invesco California Value Municipal Income Trust
VCV
39 hedge funds and large institutions have $42.7M invested in Invesco California Value Municipal Income Trust in 2015 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 5 reducing their positions, and 6 closing their positions.
220% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 5
6% more capital invested
Capital invested by funds: $40.4M → $42.7M (+$2.32M)
0.05% more ownership
Funds ownership: 6.15% → 6.21% (+0.05%)
3% less funds holding
Funds holding: 40 → 39 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.22M |
| 2 |
LSA
L & S Advisors
Los Angeles,
California
|
+$864K |
| 3 |
NPC
National Planning Corporation
El Segundo,
California
|
+$648K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$606K |
| 5 |
JWA
JFS Wealth Advisors
Hermitage,
Pennsylvania
|
+$213K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.06M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$441K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$425K |
| 4 |
SG Americas Securities
New York
|
-$412K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$357K |
VCV Hedge Fund Activity: Q1 2015 in Review
39 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q1 2015, worth a combined $42.7M — up 5.8% from $40.4M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of VCV and 5 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 16 added.
The largest buyer was Bank of America, adding an estimated $2.22M. The largest seller was Morgan Stanley, cutting an estimated $3.06M.
- 39 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q1 2015, down from 40 in Q4 2014.
- Funds reported $42.7M of Invesco California Value Municipal Income Trust stock for Q1 2015, up 5.8% quarter-over-quarter.
- 5 funds opened new Invesco California Value Municipal Income Trust positions in Q1 2015 and 6 closed out, a net change of -1 holder.
- The largest Invesco California Value Municipal Income Trust buyer in Q1 2015 was Bank of America, an estimated $2.22M added.
- The largest Invesco California Value Municipal Income Trust seller in Q1 2015 was Morgan Stanley, an estimated $3.06M sold.
Based on aggregated 13F filings for Q1 2015.