Invesco Pennsylvania Value Municipal Income Trust
VPV
40 hedge funds and large institutions have $42.7M invested in Invesco Pennsylvania Value Municipal Income Trust in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 13 reducing their positions, and 6 closing their positions.
17% more capital invested
Capital invested by funds: $36.4M → $42.7M (+$6.35M)
2.19% more ownership
Funds ownership: 12.55% → 14.74% (+2.2%)
8% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 13
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
2% less funds holding
Funds holding: 41 → 40 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.57M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
+$1.73M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.13M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$901K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$258K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$611K |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$166K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$149K |
| 4 |
SIM
Strategic Investment Management
Arlington,
Virginia
|
-$147K |
| 5 |
Squarepoint
New York
|
-$141K |
VPV Hedge Fund Activity: Q1 2017 in Review
40 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q1 2017, worth a combined $42.7M — up 17% from $36.4M a quarter earlier.
Fund positioning in VPV was balanced in Q1 2017: 6 funds opened new positions, 6 closed out, 14 added to existing stakes and 13 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $2.57M. The largest seller was Mariner Investment Group, cutting an estimated $611K.
- 40 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q1 2017, down from 41 in Q4 2016.
- Funds reported $42.7M of Invesco Pennsylvania Value Municipal Income Trust stock for Q1 2017, up 17% quarter-over-quarter.
- 6 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q1 2017 and 6 closed out, a net change of 0 holders.
- The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q1 2017 was Karpus Investment Management, an estimated $2.57M added.
- The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q1 2017 was Mariner Investment Group, an estimated $611K sold.
Based on aggregated 13F filings for Q1 2017.