Invesco Pennsylvania Value Municipal Income Trust
VPV
41 hedge funds and large institutions have $36.4M invested in Invesco Pennsylvania Value Municipal Income Trust in 2016 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 16 increasing their positions, 10 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
60% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 10
37% more capital invested
Capital invested by funds: $26.6M → $36.4M (+$9.81M)
14% more funds holding
Funds holding: 36 → 41 (+5)
4.41% more ownership
Funds ownership: 8.14% → 12.55% (+4.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.85M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$2.32M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$2.11M |
| 4 |
Morgan Stanley
New York
|
+$1.25M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CL
Choreo LLC
Rockford,
Illinois
|
-$292K |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$178K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$141K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$93.3K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$88K |
VPV Hedge Fund Activity: Q4 2016 in Review
41 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q4 2016, worth a combined $36.4M — up 37% from $26.6M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new VPV positions and 3 closed out — a net gain of 5 holders — while 16 added to existing stakes and 10 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $2.85M. The largest seller was Choreo LLC, exiting entirely with an estimated $292K sold.
- 41 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q4 2016, up from 36 in Q3 2016.
- Funds reported $36.4M of Invesco Pennsylvania Value Municipal Income Trust stock for Q4 2016, up 37% quarter-over-quarter.
- 8 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q4 2016 and 3 closed out, a net change of +5 holders.
- The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q4 2016 was Karpus Investment Management, an estimated $2.85M added.
- The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q4 2016 was Choreo LLC, an estimated $292K sold.
Based on aggregated 13F filings for Q4 2016.