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Invesco California Value Municipal Income Trust
VCV

37 hedge funds and large institutions have $48.6M invested in Invesco California Value Municipal Income Trust in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 7 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

86% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 7

2% more capital invested

Capital invested by funds: $47.5M → $48.6M (+$1.02M)

0.49% more ownership

Funds ownership: 6.87% → 7.36% (+0.49%)

3% less funds holding

Funds holding: 38 → 37 (-1)

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

Holders
37
Holders Change
-1
Holders Change %
-2.63%
% of All Funds
0.99%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
13
Reduced
7
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$994K
2
AAM
Advisors Asset Management
Colorado
+$721K
3
Invesco
Invesco
Georgia
+$424K
4
Morgan Stanley
Morgan Stanley
New York
+$394K
5
UBS Group
UBS Group
Switzerland
+$390K

Top Sellers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$216K
2
Ameriprise
Ameriprise
Minnesota
-$162K
3
Wells Fargo
Wells Fargo
California
-$96K
4
AA
Apriem Advisors
California
-$65.7K
5
AG
Advisor Group
Arizona
-$41.6K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
1
Guggenheim Capital
Illinois
$8.31M +$994K +70,400 +13%
AAM
2
Advisors Asset Management
Colorado
$6.97M +$721K +51,043 +11%
Morgan Stanley
3
Morgan Stanley
New York
$5.42M +$394K +27,885 +8%
Invesco
4
Invesco
Georgia
$5.07M +$424K +30,013 +9%
LPL Financial
5
LPL Financial
California
$4M +$324K +22,938 +9%
UBS Group
6
UBS Group
Switzerland
$3.94M +$390K +27,639 +11%
JWA
7
JFS Wealth Advisors
Pennsylvania
$3.78M +$180K +12,750 +5%
Bank of America
8
Bank of America
North Carolina
$3.3M +$137K +9,692 +4%
Wells Fargo
9
Wells Fargo
California
$1.62M -$96K -6,803 -5%
NPC
10
National Planning Corporation
California
$741K – – –
HCM
11
Hollencrest Capital Management
California
$701K – – –
LTFS
12
Ladenburg Thalmann Financial Services
Florida
$672K +$44.7K +3,169 +7%
SAM
13
Shamrock Asset Management
Texas
$363K – – –
RJFSA
14
Raymond James Financial Services Advisors
Florida
$357K – – –
DA
15
Doliver Advisors
Texas
$302K +$309K +21,902 New
RFC
16
Regions Financial Corp
Alabama
$300K – – –
NFG
17
Next Financial Group
Texas
$293K +$64K +4,531 +27%
WS
18
Wedbush Securities
California
$285K +$32.5K +2,300 +13%
WT
19
Whittier Trust
California
$278K – – –
Commonwealth Equity Services
20
Commonwealth Equity Services
Massachusetts
$263K -$1.92K -136 -0.7%
CRC
21
Curi RMB Capital
Illinois
$258K +$264K +18,714 New
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$236K -$216K -15,333 -47%
FFA
23
First Foundation Advisors
California
$217K -$29.9K -2,121 -12%
DI
24
Diligent Investors
California
$197K – – –
CG
25
Cutler Group
California
$135K – – –
1
2

VCV Hedge Fund Activity: Q3 2016 in Review

37 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q3 2016, worth a combined $48.6M — up 2.1% from $47.5M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of VCV and 3 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 13 added.

The largest buyer was Guggenheim Capital, adding an estimated $994K. The largest seller was Royal Bank of Canada, cutting an estimated $216K.

  • 37 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q3 2016, down from 38 in Q2 2016.
  • Funds reported $48.6M of Invesco California Value Municipal Income Trust stock for Q3 2016, up 2.1% quarter-over-quarter.
  • 3 funds opened new Invesco California Value Municipal Income Trust positions in Q3 2016 and 4 closed out, a net change of -1 holder.
  • The largest Invesco California Value Municipal Income Trust buyer in Q3 2016 was Guggenheim Capital, an estimated $994K added.
  • The largest Invesco California Value Municipal Income Trust seller in Q3 2016 was Royal Bank of Canada, an estimated $216K sold.

Based on aggregated 13F filings for Q3 2016.