Invesco Pennsylvania Value Municipal Income Trust
VPV
43 hedge funds and large institutions have $50.7M invested in Invesco Pennsylvania Value Municipal Income Trust in 2018 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 20 reducing their positions, and 11 closing their positions.
1.79% less ownership
Funds ownership: 19.68% → 17.89% (-1.8%)
10% less capital invested
Capital invested by funds: $56.2M → $50.7M (-$5.53M)
14% less funds holding
Funds holding: 50 → 43 (-7)
50% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 20
64% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$964K |
| 2 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
+$498K |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$238K |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$236K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$203K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.41M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.66M |
| 3 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
-$1.14M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$437K |
| 5 |
LCM
Laurion Capital Management
New York
|
-$342K |
VPV Hedge Fund Activity: Q3 2018 in Review
43 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q3 2018, worth a combined $50.7M — down 9.8% from $56.2M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of VPV and 4 opened new positions — a net loss of 7 holders — while 20 trimmed existing stakes and 10 added.
The largest buyer was Fiera Capital (Canada), adding an estimated $964K. The largest seller was Sit Investment Associates, cutting an estimated $2.41M.
- 43 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q3 2018, down from 50 in Q2 2018.
- Funds reported $50.7M of Invesco Pennsylvania Value Municipal Income Trust stock for Q3 2018, down 9.8% quarter-over-quarter.
- 4 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q3 2018 and 11 closed out, a net change of -7 holders.
- The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q3 2018 was Fiera Capital (Canada), an estimated $964K added.
- The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q3 2018 was Sit Investment Associates, an estimated $2.41M sold.
Based on aggregated 13F filings for Q3 2018.