Invesco Pennsylvania Value Municipal Income Trust
VPV
24 hedge funds and large institutions have $12.6M invested in Invesco Pennsylvania Value Municipal Income Trust in 2014 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 7 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
4% more capital invested
Capital invested by funds: $12.1M → $12.6M (+$484K)
0.11% less ownership
Funds ownership: 3.89% → 3.78% (-0.11%)
20% less funds holding
Funds holding: 30 → 24 (-6)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$742K |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$271K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$227K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$141K |
| 5 |
WA
WealthTrust Axiom
Wayne,
Pennsylvania
|
+$102K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
-$375K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$314K |
| 3 |
Bank of New York Mellon
New York
|
-$268K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$201K |
| 5 |
Morgan Stanley
New York
|
-$143K |
VPV Hedge Fund Activity: Q4 2014 in Review
24 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q4 2014, worth a combined $12.6M — up 4% from $12.1M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of VPV and 3 opened new positions — a net loss of 4 holders — while 5 trimmed existing stakes and 7 added.
The largest buyer was Bank of America, adding an estimated $742K. The largest seller was Doliver Advisors, exiting entirely with an estimated $375K sold.
- 24 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q4 2014, down from 30 in Q3 2014.
- Funds reported $12.6M of Invesco Pennsylvania Value Municipal Income Trust stock for Q4 2014, up 4% quarter-over-quarter.
- 3 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q4 2014 and 7 closed out, a net change of -4 holders.
- The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q4 2014 was Bank of America, an estimated $742K added.
- The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q4 2014 was Doliver Advisors, an estimated $375K sold.
Based on aggregated 13F filings for Q4 2014.