Invesco Pennsylvania Value Municipal Income Trust
VPV
34 hedge funds and large institutions have $43M invested in Invesco Pennsylvania Value Municipal Income Trust in 2015 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
13% more capital invested
Capital invested by funds: $38.1M → $43M (+$4.88M)
3% more funds holding
Funds holding: 33 → 34 (+1)
1.39% more ownership
Funds ownership: 12.23% → 13.62% (+1.4%)
8% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.03M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$2.27M |
| 3 |
LCM
Laurion Capital Management
New York
|
+$1.39M |
| 4 |
SG Americas Securities
New York
|
+$287K |
| 5 |
Squarepoint
New York
|
+$214K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.15M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$697K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$533K |
| 4 |
Morgan Stanley
New York
|
-$332K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$322K |
VPV Hedge Fund Activity: Q4 2015 in Review
34 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q4 2015, worth a combined $43M — up 13% from $38.1M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new VPV positions and 3 closed out — a net gain of 2 holders — while 11 added to existing stakes and 12 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $5.03M. The largest seller was Curi RMB Capital, exiting entirely with an estimated $1.15M sold.
- 34 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q4 2015, up from 33 in Q3 2015.
- Funds reported $43M of Invesco Pennsylvania Value Municipal Income Trust stock for Q4 2015, up 13% quarter-over-quarter.
- 5 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q4 2015 and 3 closed out, a net change of +2 holders.
- The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q4 2015 was Karpus Investment Management, an estimated $5.03M added.
- The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q4 2015 was Curi RMB Capital, an estimated $1.15M sold.
Based on aggregated 13F filings for Q4 2015.