Invesco Pennsylvania Value Municipal Income Trust
VPV
33 hedge funds and large institutions have $35.4M invested in Invesco Pennsylvania Value Municipal Income Trust in 2015 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 6 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
128% more capital invested
Capital invested by funds: $15.5M → $35.4M (+$19.8M)
117% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 6
18% more funds holding
Funds holding: 28 → 33 (+5)
6.75% more ownership
Funds ownership: 4.9% → 11.65% (+6.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$6.62M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$6.14M |
| 3 |
SCA
Samson Capital Advisors
New York
|
+$1.81M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$1.63M |
| 5 |
Morgan Stanley
New York
|
+$992K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$198K |
| 2 |
LPL Financial
San Diego,
California
|
-$59.8K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$59.7K |
| 4 |
LFR
Lehman Financial Resources
Media,
Pennsylvania
|
-$53K |
| 5 |
HNB
Huntington National Bank
Columbus,
Ohio
|
-$44.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| $178K | +$13.9K | +1,088 | +8% |
|
|
WS
27
Wedbush Securities
Los Angeles,
California
| $162K | +$10.2K | +800 | +6% |
|
|
PCM
28
Prelude Capital Management
New York
| $145K | +$154K | +12,000 | New |
|
|
29
UBS Group
Zurich,
Switzerland
| $61K | -$59.7K | -4,668 | -48% |
|
|
HNB
30
Huntington National Bank
Columbus,
Ohio
| $42K | -$44.8K | -3,500 | Closed |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| $27K | +$28.4K | +2,220 | New |
|
32
US Bancorp
Minneapolis,
Minnesota
| $19K | – | – | – |
|
|
KTC
33
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
| $12K | – | – | – |
|
34
First Manhattan
New York
| $4K | – | – | – |
|
|
MFS
35
MSI Financial Services
Springfield,
Massachusetts
| $4K | – | – | – |
|
|
LFR
36
Lehman Financial Resources
Media,
Pennsylvania
| – | -$53K | -4,008 | Closed |
|
37
SEI Investments
Oaks,
Pennsylvania
| – | -$10K | -792 | Closed |
|
VPV Hedge Fund Activity: Q2 2015 in Review
33 of the 3,713 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q2 2015, worth a combined $35.4M — up 128% from $15.5M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new VPV positions and 3 closed out — a net gain of 5 holders — while 13 added to existing stakes and 6 trimmed.
The largest buyer was Curi RMB Capital, adding an estimated $6.62M. The largest seller was PNC Financial Services Group, cutting an estimated $198K.
- 33 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q2 2015, up from 28 in Q1 2015.
- Funds reported $35.4M of Invesco Pennsylvania Value Municipal Income Trust stock for Q2 2015, up 128% quarter-over-quarter.
- 8 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q2 2015 and 3 closed out, a net change of +5 holders.
- The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q2 2015 was Curi RMB Capital, an estimated $6.62M added.
- The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q2 2015 was PNC Financial Services Group, an estimated $198K sold.
Based on aggregated 13F filings for Q2 2015.