Invesco Pennsylvania Value Municipal Income Trust
VPV
32 hedge funds and large institutions have $13.2M invested in Invesco Pennsylvania Value Municipal Income Trust in 2013 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
10% more funds holding
Funds holding: 29 → 32 (+3)
7% more capital invested
Capital invested by funds: $12.3M → $13.2M (+$911K)
0.47% more ownership
Funds ownership: 4.07% → 4.54% (+0.47%)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
+$587K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$413K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
+$322K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$272K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$208K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$293K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$211K |
| 3 |
IH
IFC Holdings
Tampa,
Florida
|
-$202K |
| 4 |
LPL Financial
San Diego,
California
|
-$129K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$83.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1IC
26
1919 Investment Counsel
Baltimore,
Maryland
| $39K | -$3.64K | -300 | -9% |
|
|
PCM
27
Prelude Capital Management
New York
| $30K | +$30.3K | +2,500 | New |
|
28
US Bancorp
Minneapolis,
Minnesota
| $19K | – | – | – |
|
|
WA
29
WFG Advisors
Dallas,
Texas
| $18K | – | – | – |
|
|
KTC
30
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
| $12K | – | – | – |
|
31
Creative Planning
Overland Park,
Kansas
| $6K | +$5.76K | +475 | New |
|
32
First Manhattan
New York
| $4K | – | – | – |
|
|
MFS
33
MSI Financial Services
Springfield,
Massachusetts
| $4K | – | – | – |
|
|
IH
34
IFC Holdings
Tampa,
Florida
| – | -$202K | -16,000 | Closed |
|
|
TJHA
35
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$13K | -1,000 | Closed |
|
36
Nomura Holdings
Tokyo,
Japan
| – | -$6K | -500 | Closed |
|
VPV Hedge Fund Activity: Q4 2013 in Review
32 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q4 2013, worth a combined $13.2M — up 7.4% from $12.3M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new VPV positions and 4 closed out — a net gain of 3 holders — while 8 added to existing stakes and 9 trimmed.
The largest buyer was Doliver Advisors, opening a new position worth an estimated $587K. The largest seller was PNC Financial Services Group, cutting an estimated $293K.
- 32 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q4 2013, up from 29 in Q3 2013.
- Funds reported $13.2M of Invesco Pennsylvania Value Municipal Income Trust stock for Q4 2013, up 7.4% quarter-over-quarter.
- 7 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q4 2013 and 4 closed out, a net change of +3 holders.
- The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q4 2013 was Doliver Advisors, an estimated $587K added.
- The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q4 2013 was PNC Financial Services Group, an estimated $293K sold.
Based on aggregated 13F filings for Q4 2013.