Invesco California Value Municipal Income Trust
VCV
41 hedge funds and large institutions have $47.2M invested in Invesco California Value Municipal Income Trust in 2017 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 9 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 10
0.96% less ownership
Funds ownership: 8.5% → 7.55% (-0.96%)
7% less capital invested
Capital invested by funds: $51M → $47.2M (-$3.75M)
15% less funds holding
Funds holding: 48 → 41 (-7)
78% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$854K |
| 2 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$404K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$127K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$127K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$108K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.24M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$1.54M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$769K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$639K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$627K |
VCV Hedge Fund Activity: Q3 2017 in Review
41 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q3 2017, worth a combined $47.2M — down 7.4% from $51M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of VCV and 2 opened new positions — a net loss of 7 holders — while 10 trimmed existing stakes and 15 added.
The largest buyer was Guggenheim Capital, adding an estimated $854K. The largest seller was Morgan Stanley, cutting an estimated $2.24M.
- 41 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q3 2017, down from 48 in Q2 2017.
- Funds reported $47.2M of Invesco California Value Municipal Income Trust stock for Q3 2017, down 7.4% quarter-over-quarter.
- 2 funds opened new Invesco California Value Municipal Income Trust positions in Q3 2017 and 9 closed out, a net change of -7 holders.
- The largest Invesco California Value Municipal Income Trust buyer in Q3 2017 was Guggenheim Capital, an estimated $854K added.
- The largest Invesco California Value Municipal Income Trust seller in Q3 2017 was Morgan Stanley, an estimated $2.24M sold.
Based on aggregated 13F filings for Q3 2017.