Invesco Pennsylvania Value Municipal Income Trust
VPV
39 hedge funds and large institutions have $41.2M invested in Invesco Pennsylvania Value Municipal Income Trust in 2017 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 18 increasing their positions, 8 reducing their positions, and 3 closing their positions.
125% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 8
0.75% less ownership
Funds ownership: 14.74% → 13.99% (-0.75%)
4% less capital invested
Capital invested by funds: $42.7M → $41.2M (-$1.57M)
3% less funds holding
Funds holding: 40 → 39 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$2.14M |
| 2 |
NCMW
Northern Capital Management (Wisconsin)
Madison,
Wisconsin
|
+$373K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$197K |
| 4 |
Morgan Stanley
New York
|
+$193K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$151K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.39M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.98M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$621K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$273K |
| 5 |
LCM
Laurion Capital Management
New York
|
-$240K |
VPV Hedge Fund Activity: Q2 2017 in Review
39 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q2 2017, worth a combined $41.2M — down 3.7% from $42.7M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of VPV and 2 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 18 added.
The largest buyer was Matisse Capital, adding an estimated $2.14M. The largest seller was Landscape Capital Management, cutting an estimated $2.39M.
- 39 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q2 2017, down from 40 in Q1 2017.
- Funds reported $41.2M of Invesco Pennsylvania Value Municipal Income Trust stock for Q2 2017, down 3.7% quarter-over-quarter.
- 2 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q2 2017 and 3 closed out, a net change of -1 holder.
- The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q2 2017 was Matisse Capital, an estimated $2.14M added.
- The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q2 2017 was Landscape Capital Management, an estimated $2.39M sold.
Based on aggregated 13F filings for Q2 2017.