Invesco California Value Municipal Income Trust
VCV
48 hedge funds and large institutions have $51M invested in Invesco California Value Municipal Income Trust in 2017 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 14 increasing their positions, 16 reducing their positions, and 5 closing their positions.
1.95% less ownership
Funds ownership: 10.45% → 8.5% (-2%)
6% less funds holding
Funds holding: 51 → 48 (-3)
13% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 16
17% less capital invested
Capital invested by funds: $61.1M → $51M (-$10.1M)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$796K |
| 2 |
Creative Planning
Overland Park,
Kansas
|
+$341K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$339K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$193K |
| 5 |
SG Americas Securities
New York
|
+$135K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$3.71M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.96M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.23M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.18M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.01M |
VCV Hedge Fund Activity: Q2 2017 in Review
48 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q2 2017, worth a combined $51M — down 17% from $61.1M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of VCV and 2 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 14 added.
The largest buyer was Laurion Capital Management, adding an estimated $796K. The largest seller was LPL Financial, cutting an estimated $3.71M.
- 48 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q2 2017, down from 51 in Q1 2017.
- Funds reported $51M of Invesco California Value Municipal Income Trust stock for Q2 2017, down 17% quarter-over-quarter.
- 2 funds opened new Invesco California Value Municipal Income Trust positions in Q2 2017 and 5 closed out, a net change of -3 holders.
- The largest Invesco California Value Municipal Income Trust buyer in Q2 2017 was Laurion Capital Management, an estimated $796K added.
- The largest Invesco California Value Municipal Income Trust seller in Q2 2017 was LPL Financial, an estimated $3.71M sold.
Based on aggregated 13F filings for Q2 2017.