Invesco Pennsylvania Value Municipal Income Trust
VPV
34 hedge funds and large institutions have $43M invested in Invesco Pennsylvania Value Municipal Income Trust in 2015 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
13% more capital invested
Capital invested by funds: $38.1M → $43M (+$4.88M)
3% more funds holding
Funds holding: 33 → 34 (+1)
1.39% more ownership
Funds ownership: 12.23% → 13.62% (+1.4%)
8% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.03M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$2.27M |
| 3 |
LCM
Laurion Capital Management
New York
|
+$1.39M |
| 4 |
SG Americas Securities
New York
|
+$287K |
| 5 |
Squarepoint
New York
|
+$214K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.15M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$697K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$533K |
| 4 |
Morgan Stanley
New York
|
-$332K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$322K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WRM
26
Westport Resources Management
Westport,
Connecticut
| $154K | +$8.97K | +724 | +6% |
|
27
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| $145K | -$34.7K | -2,797 | -20% |
|
28
Bank of New York Mellon
New York
| $141K | -$86.7K | -7,001 | -39% |
|
29
UBS Group
Zurich,
Switzerland
| $136K | +$69.1K | +5,577 | +110% |
|
|
MFS
30
MSI Financial Services
Springfield,
Massachusetts
| $80K | +$46.1K | +3,719 | +147% |
|
|
TJHA
31
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $26K | +$24.8K | +2,000 | New |
|
32
US Bancorp
Minneapolis,
Minnesota
| $21K | – | – | – |
|
33
Creative Planning
Overland Park,
Kansas
| $13K | – | – | – |
|
|
KTC
34
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
| $13K | – | – | – |
|
35
First Manhattan
New York
| $4K | – | – | – |
|
|
CRC
36
Curi RMB Capital
Chicago,
Illinois
| – | -$1.15M | -93,976 | Closed |
|
|
DA
37
Doliver Advisors
Houston,
Texas
| – | -$533K | -43,457 | Closed |
|
|
TC
38
TFS Capital
West Chester,
Pennsylvania
| – | -$166K | -13,536 | Closed |
|
VPV Hedge Fund Activity: Q4 2015 in Review
34 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q4 2015, worth a combined $43M — up 13% from $38.1M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new VPV positions and 3 closed out — a net gain of 2 holders — while 11 added to existing stakes and 12 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $5.03M. The largest seller was Curi RMB Capital, exiting entirely with an estimated $1.15M sold.
- 34 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q4 2015, up from 33 in Q3 2015.
- Funds reported $43M of Invesco Pennsylvania Value Municipal Income Trust stock for Q4 2015, up 13% quarter-over-quarter.
- 5 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q4 2015 and 3 closed out, a net change of +2 holders.
- The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q4 2015 was Karpus Investment Management, an estimated $5.03M added.
- The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q4 2015 was Curi RMB Capital, an estimated $1.15M sold.
Based on aggregated 13F filings for Q4 2015.