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Invesco Pennsylvania Value Municipal Income Trust
VPV

44 hedge funds and large institutions have $24.7M invested in Invesco Pennsylvania Value Municipal Income Trust in 2020 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $23.6M → $24.7M (+$1.13M)

0.13% more ownership

Funds ownership: 8.34% → 8.47% (+0.13%)

8% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 13

2% less funds holding

Funds holding: 45 → 44 (-1)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

Holders
44
Holders Change
-1
Holders Change %
-2.22%
% of All Funds
0.89%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
12
Reduced
13
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
+$2.56M
2
AAS
Avantax Advisory Services
Texas
+$287K
3
BWP
Bernardo Wealth Planning
Pennsylvania
+$282K
4
ASN
Advisory Services Network
Georgia
+$116K
5
Morgan Stanley
Morgan Stanley
New York
+$74.6K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$814K
2
CRC
Curi RMB Capital
Illinois
-$460K
3
WAM
Wolverine Asset Management
Illinois
-$459K
4
PAG
Private Advisor Group
New Jersey
-$291K
5
ACA
Ackerman Capital Advisors
Texas
-$265K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$192K -$7.36K -587 -4%
UBS Group
27
UBS Group
Switzerland
$172K +$602 +48 +0.3%
Cambridge Investment Research Advisors
28
Cambridge Investment Research Advisors
Iowa
$167K – – –
AA
29
AQR Arbitrage
Connecticut
$149K -$205K -16,340 -57%
GP
30
Girard Partners
Pennsylvania
$123K – – –
ASN
31
Advisory Services Network
Georgia
$113K +$116K +9,232 New
EIP
32
Ellis Investment Partners
Pennsylvania
$94K – – –
Rockefeller Capital Management
33
Rockefeller Capital Management
New York
$83K +$22.1K +1,760 +35%
HI
34
Hudock Inc
Pennsylvania
$77K – – –
Bank of Montreal
35
Bank of Montreal
Ontario, Canada
$58K – – –
CP
36
Corbenic Partners
Pennsylvania
$41K – – –
GWM
37
Geneos Wealth Management
Colorado
$29K -$18.6K -1,483 -38%
NFG
38
Next Financial Group
Texas
$25K +$25.1K +2,000 New
SWM
39
Sugarloaf Wealth Management
Georgia
$20K – – –
BAM
40
Barrett Asset Management
New York
$9K – – –
SPIA
41
Steward Partners Investment Advisory
New York
$7K – – –
First Manhattan
42
First Manhattan
New York
$4K – – –
NFSG
43
Newbridge Financial Services Group
Florida
$4K +$4.42K +353 New
FP
44
Fiduciary Planning
Florida
$1K +$1.3K +104 New
PAG
45
Private Advisor Group
New Jersey
– -$291K -24,512 Closed
ACA
46
Ackerman Capital Advisors
Texas
– -$265K -22,307 Closed
LCM
47
Landscape Capital Management
New Jersey
– -$188K -15,838 Closed
Goldman Sachs
48
Goldman Sachs
New York
– -$138K -11,599 Closed
CFG
49
Citizens Financial Group
Rhode Island
– -$41K -3,477 Closed
AssetMark Inc
50
AssetMark Inc
California
– -$12K -1,005 Closed
1
2
3

VPV Hedge Fund Activity: Q3 2020 in Review

44 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q3 2020, worth a combined $24.7M — up 4.8% from $23.6M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of VPV and 6 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 12 added.

The largest buyer was Mackay Shields LLC, adding an estimated $2.56M. The largest seller was Sit Investment Associates, cutting an estimated $814K.

  • 44 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q3 2020, down from 45 in Q2 2020.
  • Funds reported $24.7M of Invesco Pennsylvania Value Municipal Income Trust stock for Q3 2020, up 4.8% quarter-over-quarter.
  • 6 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q3 2020 and 7 closed out, a net change of -1 holder.
  • The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q3 2020 was Mackay Shields LLC, an estimated $2.56M added.
  • The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q3 2020 was Sit Investment Associates, an estimated $814K sold.

Based on aggregated 13F filings for Q3 2020.