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Invesco Pennsylvania Value Municipal Income Trust
VPV

49 hedge funds and large institutions have $31.1M invested in Invesco Pennsylvania Value Municipal Income Trust in 2020 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 5

89% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 9

26% more capital invested

Capital invested by funds: $24.7M → $31.1M (+$6.37M)

11% more funds holding

Funds holding: 44 → 49 (+5)

1.76% more ownership

Funds ownership: 8.47% → 10.23% (+1.8%)

Holders
49
Holders Change
+5
Holders Change %
+11.36%
% of All Funds
0.87%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
17
Reduced
9
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$2.46M
2
KIM
Karpus Investment Management
New York
+$1.04M
3
RJA
Raymond James & Associates
Florida
+$624K
4
AIP
Almanack Investment Partners
Pennsylvania
+$441K
5
LCM
Landscape Capital Management
New Jersey
+$375K

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$419K
2
Osaic Holdings
Osaic Holdings
Arizona
-$332K
3
AAS
Avantax Advisory Services
Texas
-$282K
4
BWP
Bernardo Wealth Planning
Pennsylvania
-$275K
5
GP
Girard Partners
Pennsylvania
-$123K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
26
LPL Financial
California
$254K +$9.76K +794 +4%
Stifel Financial
27
Stifel Financial
Missouri
$209K +$201K +16,350 New
M&T Bank
28
M&T Bank
New York
$208K -$44.9K -3,650 -18%
AA
29
AQR Arbitrage
Connecticut
$186K +$30.2K +2,454 +20%
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$183K -$15.7K -1,275 -8%
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$161K -$12.3K -1,002 -7%
KA
32
Kercheville Advisors
Texas
$141K +$135K +11,000 New
RJT
33
Raymond James Trust
Florida
$129K +$124K +10,108 New
ASN
34
Advisory Services Network
Georgia
$118K – – –
Bank of Montreal
35
Bank of Montreal
Ontario, Canada
$93K +$32.1K +2,615 +55%
UBS Group
36
UBS Group
Switzerland
$90K -$85.4K -6,951 -50%
Rockefeller Capital Management
37
Rockefeller Capital Management
New York
$86K – – –
HI
38
Hudock Inc
Pennsylvania
$80K – – –
FCMT
39
Founders Capital Management (Texas)
Texas
$51K +$49.2K +4,000 New
CP
40
Corbenic Partners
Pennsylvania
$43K – – –
GWM
41
Geneos Wealth Management
Colorado
$31K – – –
FIA
42
FNY Investment Advisers
New York
$31K +$30.6K +2,490 New
SWM
43
Sugarloaf Wealth Management
Georgia
$21K – – –
IAIM
44
International Assets Investment Management
Florida
$16K +$15.3K +1,242 New
BAM
45
Barrett Asset Management
New York
$9K – – –
SPIA
46
Steward Partners Investment Advisory
New York
$8K – – –
NFSG
47
Newbridge Financial Services Group
Florida
$5K – – –
First Manhattan
48
First Manhattan
New York
$4K – – –
FP
49
Fiduciary Planning
Florida
$1K +$12 +1 +1%
AAS
50
Avantax Advisory Services
Texas
– -$282K -22,930 Closed
1
2
3

VPV Hedge Fund Activity: Q4 2020 in Review

49 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q4 2020, worth a combined $31.1M — up 26% from $24.7M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new VPV positions and 5 closed out — a net gain of 5 holders — while 17 added to existing stakes and 9 trimmed.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $2.46M. The largest seller was Mackay Shields LLC, cutting an estimated $419K.

  • 49 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q4 2020, up from 44 in Q3 2020.
  • Funds reported $31.1M of Invesco Pennsylvania Value Municipal Income Trust stock for Q4 2020, up 26% quarter-over-quarter.
  • 10 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q4 2020 and 5 closed out, a net change of +5 holders.
  • The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q4 2020 was Saba Capital Management, an estimated $2.46M added.
  • The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q4 2020 was Mackay Shields LLC, an estimated $419K sold.

Based on aggregated 13F filings for Q4 2020.