Invesco Pennsylvania Value Municipal Income Trust
VPV
44 hedge funds and large institutions have $67.1M invested in Invesco Pennsylvania Value Municipal Income Trust in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 18 reducing their positions, and 11 closing their positions.
29% more capital invested
Capital invested by funds: $52M → $67.1M (+$15.1M)
3.81% more ownership
Funds ownership: 24.35% → 28.17% (+3.8%)
8% less funds holding
Funds holding: 48 → 44 (-4)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
39% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.85M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.19M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.48M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$813K |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
+$724K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$3.27M |
| 2 |
WP
Woodline Partners
San Francisco,
California
|
-$1.78M |
| 3 |
Morgan Stanley
New York
|
-$275K |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$254K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$207K |
VPV Hedge Fund Activity: Q4 2023 in Review
44 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Invesco Pennsylvania Value Municipal Income Trust (VPV) for Q4 2023, worth a combined $67.1M — up 29% from $52M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of VPV and 8 opened new positions — a net loss of 3 holders — while 18 trimmed existing stakes and 11 added.
The largest buyer was Saba Capital Management, adding an estimated $4.85M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $3.27M sold.
- 44 institutional investors held Invesco Pennsylvania Value Municipal Income Trust (VPV) as of Q4 2023, down from 48 in Q3 2023.
- Funds reported $67.1M of Invesco Pennsylvania Value Municipal Income Trust stock for Q4 2023, up 29% quarter-over-quarter.
- 8 funds opened new Invesco Pennsylvania Value Municipal Income Trust positions in Q4 2023 and 11 closed out, a net change of -3 holders.
- The largest Invesco Pennsylvania Value Municipal Income Trust buyer in Q4 2023 was Saba Capital Management, an estimated $4.85M added.
- The largest Invesco Pennsylvania Value Municipal Income Trust seller in Q4 2023 was Fiera Capital (Canada), an estimated $3.27M sold.
Based on aggregated 13F filings for Q4 2023.