Invesco Pennsylvania Value Municipal Income Trust
VPV
47 hedge funds and large institutions have $36.9M invested in Invesco Pennsylvania Value Municipal Income Trust in 2021 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 8 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
19% more capital invested
Capital invested by funds: $31.1M → $36.9M (+$5.78M)
1.64% more ownership
Funds ownership: 10.23% → 11.86% (+1.6%)
4% less funds holding
Funds holding: 49 → 47 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.19M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
+$305K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$234K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$146K |
| 5 |
RJT
Raymond James Trust
St. Petersburg,
Florida
|
+$76.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$947K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$654K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$642K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$566K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$390K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Millennium Management
New York
| – | -$339K | -26,597 | Closed |
|
|
AA
52
AQR Arbitrage
Greenwich,
Connecticut
| – | -$186K | -14,574 | Closed |
|
|
ASN
53
Advisory Services Network
Atlanta,
Georgia
| – | -$118K | -9,232 | Closed |
|
|
FIA
54
FNY Investment Advisers
New York
| – | -$31K | -2,490 | Closed |
|
|
FP
55
Fiduciary Planning
Englewood,
Florida
| – | -$1K | -105 | Closed |
|
VPV Hedge Fund Activity: Q1 2021 in Review
47 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q1 2021, worth a combined $36.9M — up 19% from $31.1M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of VPV and 6 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 16 added.
The largest buyer was Saba Capital Management, adding an estimated $3.19M. The largest seller was Fiera Capital (Canada), cutting an estimated $947K.
- 47 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q1 2021, down from 49 in Q4 2020.
- Funds reported $36.9M of Invesco Pennsylvania Value Municipal Income Trust stock for Q1 2021, up 19% quarter-over-quarter.
- 6 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q1 2021 and 8 closed out, a net change of -2 holders.
- The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q1 2021 was Saba Capital Management, an estimated $3.19M added.
- The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q1 2021 was Fiera Capital (Canada), an estimated $947K sold.
Based on aggregated 13F filings for Q1 2021.