Invesco Pennsylvania Value Municipal Income Trust
VPV
36 hedge funds and large institutions have $26.6M invested in Invesco Pennsylvania Value Municipal Income Trust in 2016 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 10 increasing their positions, 12 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
20% more funds holding
Funds holding: 30 → 36 (+6)
0.97% less ownership
Funds ownership: 9.11% → 8.14% (-0.97%)
16% less capital invested
Capital invested by funds: $31.5M → $26.6M (-$4.88M)
17% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$270K |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$243K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$177K |
| 4 |
Morgan Stanley
New York
|
+$176K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$173K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.87M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$1.29M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$449K |
| 4 |
SFG
SevenBridge Financial Group
Harrisburg,
Pennsylvania
|
-$160K |
| 5 |
HI
Hudock Inc
Williamsport,
Pennsylvania
|
-$84.3K |
VPV Hedge Fund Activity: Q3 2016 in Review
36 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q3 2016, worth a combined $26.6M — down 16% from $31.5M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new VPV positions and 3 closed out — a net gain of 6 holders — while 10 added to existing stakes and 12 trimmed.
The largest buyer was TFS Capital, adding an estimated $270K. The largest seller was Karpus Investment Management, cutting an estimated $2.87M.
- 36 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q3 2016, up from 30 in Q2 2016.
- Funds reported $26.6M of Invesco Pennsylvania Value Municipal Income Trust stock for Q3 2016, down 16% quarter-over-quarter.
- 9 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q3 2016 and 3 closed out, a net change of +6 holders.
- The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q3 2016 was TFS Capital, an estimated $270K added.
- The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q3 2016 was Karpus Investment Management, an estimated $2.87M sold.
Based on aggregated 13F filings for Q3 2016.