Invesco Pennsylvania Value Municipal Income Trust
VPV
41 hedge funds and large institutions have $43.2M invested in Invesco Pennsylvania Value Municipal Income Trust in 2018 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 16 reducing their positions, and 7 closing their positions.
2.26% less ownership
Funds ownership: 17.89% → 15.63% (-2.3%)
5% less funds holding
Funds holding: 43 → 41 (-2)
15% less capital invested
Capital invested by funds: $50.7M → $43.2M (-$7.45M)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
50% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$666K |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$367K |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$200K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$137K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$125K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.07M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.53M |
| 3 |
Morgan Stanley
New York
|
-$999K |
| 4 |
Walleye Trading
New York
|
-$635K |
| 5 |
NCMW
Northern Capital Management (Wisconsin)
Madison,
Wisconsin
|
-$270K |
VPV Hedge Fund Activity: Q4 2018 in Review
41 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q4 2018, worth a combined $43.2M — down 15% from $50.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of VPV and 5 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 8 added.
The largest buyer was Fiera Capital (Canada), adding an estimated $666K. The largest seller was Karpus Investment Management, cutting an estimated $3.07M.
- 41 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q4 2018, down from 43 in Q3 2018.
- Funds reported $43.2M of Invesco Pennsylvania Value Municipal Income Trust stock for Q4 2018, down 15% quarter-over-quarter.
- 5 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q4 2018 and 7 closed out, a net change of -2 holders.
- The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q4 2018 was Fiera Capital (Canada), an estimated $666K added.
- The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q4 2018 was Karpus Investment Management, an estimated $3.07M sold.
Based on aggregated 13F filings for Q4 2018.