Invesco California Value Municipal Income Trust
VCV
38 hedge funds and large institutions have $41.8M invested in Invesco California Value Municipal Income Trust in 2015 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 5 reducing their positions, and 7 closing their positions.
160% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 5
0.22% more ownership
Funds ownership: 6.21% → 6.43% (+0.22%)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
2% less capital invested
Capital invested by funds: $42.7M → $41.8M (-$875K)
3% less funds holding
Funds holding: 39 → 38 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.55M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
+$633K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$511K |
| 4 |
LSA
L & S Advisors
Los Angeles,
California
|
+$301K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$286K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.32M |
| 2 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$406K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$375K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$274K |
| 5 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
-$242K |
VCV Hedge Fund Activity: Q2 2015 in Review
38 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q2 2015, worth a combined $41.8M — down 2.1% from $42.7M a quarter earlier.
Fund positioning in VCV was balanced in Q2 2015: 7 funds opened new positions, 7 closed out, 13 added to existing stakes and 5 trimmed.
The largest buyer was Bank of America, adding an estimated $1.55M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $1.32M sold.
- 38 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q2 2015, down from 39 in Q1 2015.
- Funds reported $41.8M of Invesco California Value Municipal Income Trust stock for Q2 2015, down 2.1% quarter-over-quarter.
- 7 funds opened new Invesco California Value Municipal Income Trust positions in Q2 2015 and 7 closed out, a net change of 0 holders.
- The largest Invesco California Value Municipal Income Trust buyer in Q2 2015 was Bank of America, an estimated $1.55M added.
- The largest Invesco California Value Municipal Income Trust seller in Q2 2015 was Sit Investment Associates, an estimated $1.32M sold.
Based on aggregated 13F filings for Q2 2015.