Invesco Pennsylvania Value Municipal Income Trust
VPV
37 hedge funds and large institutions have $34M invested in Invesco Pennsylvania Value Municipal Income Trust in 2019 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 6 closing their positions.
8% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 12
4.18% less ownership
Funds ownership: 15.63% → 11.44% (-4.2%)
10% less funds holding
Funds holding: 41 → 37 (-4)
21% less capital invested
Capital invested by funds: $43.2M → $34M (-$9.27M)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$1.8M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$861K |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$373K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$253K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$158K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$3.72M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.48M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.39M |
| 4 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
-$1.51M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.27M |
VPV Hedge Fund Activity: Q1 2019 in Review
37 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q1 2019, worth a combined $34M — down 21% from $43.2M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of VPV and 3 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 11 added.
The largest buyer was Kovitz Investment Group Partners, opening a new position worth an estimated $1.8M. The largest seller was Fiera Capital (Canada), cutting an estimated $3.72M.
- 37 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q1 2019, down from 41 in Q4 2018.
- Funds reported $34M of Invesco Pennsylvania Value Municipal Income Trust stock for Q1 2019, down 21% quarter-over-quarter.
- 3 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q1 2019 and 6 closed out, a net change of -3 holders.
- The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q1 2019 was Kovitz Investment Group Partners, an estimated $1.8M added.
- The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q1 2019 was Fiera Capital (Canada), an estimated $3.72M sold.
Based on aggregated 13F filings for Q1 2019.