Invesco California Value Municipal Income Trust
VCV
40 hedge funds and large institutions have $47.4M invested in Invesco California Value Municipal Income Trust in 2019 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 9 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 11
4% more capital invested
Capital invested by funds: $45.6M → $47.4M (+$1.85M)
0.18% less ownership
Funds ownership: 7.78% → 7.6% (-0.18%)
9% less funds holding
Funds holding: 44 → 40 (-4)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$939K |
| 2 |
JWA
JFS Wealth Advisors
Hermitage,
Pennsylvania
|
+$330K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$233K |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
+$151K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$142K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$692K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$601K |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$326K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$316K |
| 5 |
SCP
Syntal Capital Partners
Midland,
Texas
|
-$280K |
VCV Hedge Fund Activity: Q2 2019 in Review
40 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q2 2019, worth a combined $47.4M — up 4.1% from $45.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of VCV and 5 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 13 added.
The largest buyer was Morgan Stanley, adding an estimated $939K. The largest seller was Landscape Capital Management, cutting an estimated $692K.
- 40 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q2 2019, down from 44 in Q1 2019.
- Funds reported $47.4M of Invesco California Value Municipal Income Trust stock for Q2 2019, up 4.1% quarter-over-quarter.
- 5 funds opened new Invesco California Value Municipal Income Trust positions in Q2 2019 and 9 closed out, a net change of -4 holders.
- The largest Invesco California Value Municipal Income Trust buyer in Q2 2019 was Morgan Stanley, an estimated $939K added.
- The largest Invesco California Value Municipal Income Trust seller in Q2 2019 was Landscape Capital Management, an estimated $692K sold.
Based on aggregated 13F filings for Q2 2019.