Invesco Pennsylvania Value Municipal Income Trust
VPV
29 hedge funds and large institutions have $12.3M invested in Invesco Pennsylvania Value Municipal Income Trust in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 4 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
0.25% less ownership
Funds ownership: 4.32% → 4.07% (-0.25%)
3% less funds holding
Funds holding: 30 → 29 (-1)
12% less capital invested
Capital invested by funds: $14M → $12.3M (-$1.71M)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$268K |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$199K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$167K |
| 4 |
Morgan Stanley
New York
|
+$155K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$75.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$654K |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$536K |
| 3 |
IH
IFC Holdings
Tampa,
Florida
|
-$198K |
| 4 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$181K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$74.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TJHA
26
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $13K | – | – | – |
|
27
Nomura Holdings
Tokyo,
Japan
| $6K | +$6.19K | +500 | New |
|
28
First Manhattan
New York
| $4K | – | – | – |
|
|
MFS
29
MSI Financial Services
Springfield,
Massachusetts
| $4K | – | – | – |
|
|
DA
30
Doliver Advisors
Houston,
Texas
| – | -$536K | -39,628 | Closed |
|
|
BRWA
31
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$181K | -13,395 | Closed |
|
|
AIG
32
American International Group
New York
| – | -$57.5K | -4,250 | Closed |
|
|
WAM
33
Wolverine Asset Management
Chicago,
Illinois
| – | -$33K | -2,459 | Closed |
|
|
BIM
34
BlackRock Investment Management
Wilmington,
Delaware
| – | -$2.09K | -169 | -99% |
|
VPV Hedge Fund Activity: Q3 2013 in Review
29 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q3 2013, worth a combined $12.3M — down 12% from $14M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of VPV and 3 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 9 added.
The largest buyer was Janney Montgomery Scott, opening a new position worth an estimated $268K. The largest seller was Sit Investment Associates, cutting an estimated $654K.
- 29 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q3 2013, down from 30 in Q2 2013.
- Funds reported $12.3M of Invesco Pennsylvania Value Municipal Income Trust stock for Q3 2013, down 12% quarter-over-quarter.
- 3 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q3 2013 and 4 closed out, a net change of -1 holder.
- The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q3 2013 was Janney Montgomery Scott, an estimated $268K added.
- The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q3 2013 was Sit Investment Associates, an estimated $654K sold.
Based on aggregated 13F filings for Q3 2013.