Invesco California Value Municipal Income Trust
VCV
38 hedge funds and large institutions have $47.8M invested in Invesco California Value Municipal Income Trust in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 7 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 8
0.46% less ownership
Funds ownership: 7.72% → 7.26% (-0.46%)
2% less capital invested
Capital invested by funds: $48.6M → $47.8M (-$846K)
10% less funds holding
Funds holding: 42 → 38 (-4)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$879K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$708K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$553K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$509K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$219K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3.84M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$706K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$550K |
| 4 |
SG Americas Securities
New York
|
-$418K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$305K |
VCV Hedge Fund Activity: Q1 2016 in Review
38 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q1 2016, worth a combined $47.8M — down 1.7% from $48.6M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of VCV and 3 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 13 added.
The largest buyer was LPL Financial, adding an estimated $879K. The largest seller was Bank of America, cutting an estimated $3.84M.
- 38 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q1 2016, down from 42 in Q4 2015.
- Funds reported $47.8M of Invesco California Value Municipal Income Trust stock for Q1 2016, down 1.7% quarter-over-quarter.
- 3 funds opened new Invesco California Value Municipal Income Trust positions in Q1 2016 and 7 closed out, a net change of -4 holders.
- The largest Invesco California Value Municipal Income Trust buyer in Q1 2016 was LPL Financial, an estimated $879K added.
- The largest Invesco California Value Municipal Income Trust seller in Q1 2016 was Bank of America, an estimated $3.84M sold.
Based on aggregated 13F filings for Q1 2016.