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Invesco Pennsylvania Value Municipal Income Trust
VPV

47 hedge funds and large institutions have $48.1M invested in Invesco Pennsylvania Value Municipal Income Trust in 2023 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 14 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 4

21% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 14

12% more capital invested

Capital invested by funds: $43.1M → $48.1M (+$5.01M)

4% more funds holding

Funds holding: 45 → 47 (+2)

2.4% more ownership

Funds ownership: 18.07% → 20.47% (+2.4%)

Holders
47
Holders Change
+2
Holders Change %
+4.44%
% of All Funds
0.74%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
17
Reduced
14
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$3.3M
2
SIA
Sit Investment Associates
Minnesota
+$1.32M
3
RCM
Rivernorth Capital Management
Florida
+$715K
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$446K
5
AWM
Affinity Wealth Management
Delaware
+$213K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$490K
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$201K
3
Osaic Holdings
Osaic Holdings
Arizona
-$149K
4
RJA
Raymond James & Associates
Florida
-$145K
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$101K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
26
Bank of Montreal
Ontario, Canada
$251K +$5.97K +606 +3%
PNC Financial Services Group
27
PNC Financial Services Group
Pennsylvania
$246K -$201K -20,400 -45%
AIP
28
Almanack Investment Partners
Pennsylvania
$216K – – –
AWM
29
Affinity Wealth Management
Delaware
$213K +$213K +21,652 New
M&T Bank
30
M&T Bank
New York
$192K -$3.58K -363 -2%
Ameriprise
31
Ameriprise
Minnesota
$185K +$40.3K +4,088 +28%
Bank of New York Mellon
32
Bank of New York Mellon
New York
$183K +$183K +18,570 New
Osaic Holdings
33
Osaic Holdings
Arizona
$179K -$149K -15,113 -45%
Susquehanna International Group
34
Susquehanna International Group
Pennsylvania
$137K +$4.93K +500 +4%
Commonwealth Equity Services
35
Commonwealth Equity Services
Massachusetts
$137K – – –
CAN
36
Cetera Advisor Networks
California
$126K +$434 +44 +0.3%
KA
37
Kercheville Advisors
Texas
$108K – – –
First Trust Advisors
38
First Trust Advisors
Illinois
$99.1K -$30.2K -3,062 -23%
GSAM
39
Grant Street Asset Management
Pennsylvania
$98.6K – – –
TCM
40
TD Capital Management
Tennessee
$47.5K +$47.5K +4,815 New
TWD
41
True Wealth Design
Ohio
$32.1K +$32.1K +3,258 New
FCMT
42
Founders Capital Management (Texas)
Texas
$29.6K – – –
UB
43
UMB Bank
Missouri
$16.2K – – –
NA
44
NewEdge Advisors
Louisiana
$4.25K – – –
First Manhattan
45
First Manhattan
New York
$3.45K – – –
SPIA
46
Steward Partners Investment Advisory
New York
$3.33K -$7.26K -737 -69%
DAC
47
Dividend Assets Capital
South Carolina
$1K +$985 +100 New
Cambridge Investment Research Advisors
48
Cambridge Investment Research Advisors
Iowa
– -$101K -10,085 Closed
ASN
49
Advisory Services Network
Georgia
– -$12.1K -1,205 Closed
CFO
50
CVA Family Office
Colorado
– -$11K -1,095 Closed
1
2
3

VPV Hedge Fund Activity: Q2 2023 in Review

47 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q2 2023, worth a combined $48.1M — up 12% from $43.1M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new VPV positions and 4 closed out — a net gain of 2 holders — while 17 added to existing stakes and 14 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $3.3M. The largest seller was UBS Group, cutting an estimated $490K.

  • 47 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q2 2023, up from 45 in Q1 2023.
  • Funds reported $48.1M of Invesco Pennsylvania Value Municipal Income Trust stock for Q2 2023, up 12% quarter-over-quarter.
  • 6 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q2 2023 and 4 closed out, a net change of +2 holders.
  • The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q2 2023 was Saba Capital Management, an estimated $3.3M added.
  • The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q2 2023 was UBS Group, an estimated $490K sold.

Based on aggregated 13F filings for Q2 2023.