Invesco Pennsylvania Value Municipal Income Trust
VPV
31 hedge funds and large institutions have $10.9M invested in Invesco Pennsylvania Value Municipal Income Trust in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 5 closing their positions.
1.1% less ownership
Funds ownership: 4.54% → 3.44% (-1.1%)
3% less funds holding
Funds holding: 32 → 31 (-1)
17% less capital invested
Capital invested by funds: $13.2M → $10.9M (-$2.26M)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
33% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$264K |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$152K |
| 3 |
Comerica Bank
Dallas,
Texas
|
+$129K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$62.5K |
| 5 |
HI
Hudock Inc
Williamsport,
Pennsylvania
|
+$55.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.35M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$588K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$288K |
| 4 |
Morgan Stanley
New York
|
-$225K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$188K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
US Bancorp
Minneapolis,
Minnesota
| $21K | – | – | – |
|
|
KTC
27
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
| $13K | – | – | – |
|
|
PFSC
28
Peoples Financial Services Corp
Dunmore,
Pennsylvania
| $13K | +$12.9K | +1,002 | New |
|
29
Creative Planning
Overland Park,
Kansas
| $8K | +$1.67K | +129 | +27% |
|
30
First Manhattan
New York
| $4K | – | – | – |
|
|
SIA
31
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$2.35M | -194,003 | Closed |
|
|
DA
32
Doliver Advisors
Houston,
Texas
| – | -$588K | -48,459 | Closed |
|
|
GC
33
Guggenheim Capital
Chicago,
Illinois
| – | -$288K | -23,661 | Closed |
|
34
SG Americas Securities
New York
| – | -$151K | -12,428 | Closed |
|
|
ST
35
Somerset Trust
Somerset,
Pennsylvania
| – | -$41K | -3,380 | Closed |
|
|
PCM
36
Prelude Capital Management
New York
| – | -$32.3K | -2,499 | -100% |
|
VPV Hedge Fund Activity: Q1 2014 in Review
31 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q1 2014, worth a combined $10.9M — down 17% from $13.2M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of VPV and 4 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 8 added.
The largest buyer was Commonwealth Equity Services, adding an estimated $264K. The largest seller was Sit Investment Associates, exiting entirely with an estimated $2.35M sold.
- 31 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q1 2014, down from 32 in Q4 2013.
- Funds reported $10.9M of Invesco Pennsylvania Value Municipal Income Trust stock for Q1 2014, down 17% quarter-over-quarter.
- 4 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q1 2014 and 5 closed out, a net change of -1 holder.
- The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q1 2014 was Commonwealth Equity Services, an estimated $264K added.
- The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q1 2014 was Sit Investment Associates, an estimated $2.35M sold.
Based on aggregated 13F filings for Q1 2014.