Invesco Pennsylvania Value Municipal Income Trust
VPV
37 hedge funds and large institutions have $24.1M invested in Invesco Pennsylvania Value Municipal Income Trust in 2019 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 6 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 8
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
6% more funds holding
Funds holding: 35 → 37 (+2)
1.36% less ownership
Funds ownership: 9.12% → 7.76% (-1.4%)
13% less capital invested
Capital invested by funds: $27.7M → $24.1M (-$3.59M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$3.18M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$819K |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$251K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$220K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$182K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$6.37M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$1.56M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$434K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$370K |
| 5 |
GSWM
Golden State Wealth Management
Santa Ana,
California
|
-$357K |
VPV Hedge Fund Activity: Q3 2019 in Review
37 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q3 2019, worth a combined $24.1M — down 13% from $27.7M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new VPV positions and 6 closed out — a net gain of 2 holders — while 13 added to existing stakes and 8 trimmed.
The largest buyer was Mackay Shields LLC, opening a new position worth an estimated $3.18M. The largest seller was Sit Investment Associates, cutting an estimated $6.37M.
- 37 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q3 2019, up from 35 in Q2 2019.
- Funds reported $24.1M of Invesco Pennsylvania Value Municipal Income Trust stock for Q3 2019, down 13% quarter-over-quarter.
- 8 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q3 2019 and 6 closed out, a net change of +2 holders.
- The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q3 2019 was Mackay Shields LLC, an estimated $3.18M added.
- The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q3 2019 was Sit Investment Associates, an estimated $6.37M sold.
Based on aggregated 13F filings for Q3 2019.