Invesco Pennsylvania Value Municipal Income Trust
VPV
28 hedge funds and large institutions have $10.5M invested in Invesco Pennsylvania Value Municipal Income Trust in 2014 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 5 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
0.16% less ownership
Funds ownership: 3.44% → 3.29% (-0.16%)
3% less capital invested
Capital invested by funds: $10.9M → $10.5M (-$378K)
10% less funds holding
Funds holding: 31 → 28 (-3)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$430K |
| 2 |
CL
Choreo LLC
Rockford,
Illinois
|
+$75.2K |
| 3 |
MPWT
MassMutual Private Wealth & Trust
Windsor,
Connecticut
|
+$38.4K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$36.4K |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$29.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
M&T Bank
Buffalo,
New York
|
-$291K |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$166K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$161K |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$157K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$157K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MFS
26
MSI Financial Services
Springfield,
Massachusetts
| $4K | -$20.4K | -1,505 | -82% |
|
27
First Manhattan
New York
| $4K | – | – | – |
|
|
28
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$166K | -12,500 | Closed |
|
|
VKH
29
Virtu KCG Holdings
New York
| – | -$161K | -12,051 | Closed |
|
|
30
AQR Capital Management
Greenwich,
Connecticut
| – | -$157K | -11,815 | Closed |
|
|
31
Citadel Advisors
Miami,
Florida
| – | -$157K | -11,741 | Closed |
|
|
WSFS
32
Wilmington Savings Fund Society
Wilmington,
Delaware
| – | -$154K | -11,526 | Closed |
|
VPV Hedge Fund Activity: Q2 2014 in Review
28 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q2 2014, worth a combined $10.5M — down 3.5% from $10.9M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of VPV and 2 opened new positions — a net loss of 3 holders — while 7 trimmed existing stakes and 11 added.
The largest buyer was Morgan Stanley, adding an estimated $430K. The largest seller was M&T Bank, cutting an estimated $291K.
- 28 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q2 2014, down from 31 in Q1 2014.
- Funds reported $10.5M of Invesco Pennsylvania Value Municipal Income Trust stock for Q2 2014, down 3.5% quarter-over-quarter.
- 2 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q2 2014 and 5 closed out, a net change of -3 holders.
- The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q2 2014 was Morgan Stanley, an estimated $430K added.
- The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q2 2014 was M&T Bank, an estimated $291K sold.
Based on aggregated 13F filings for Q2 2014.