10% owner Bank of America acquired 3,869 shares (net) in VCV at $11.65–$12.67, with 7,276 shares purchased and 3,407 sold in same filing.
Bank of America, as a 10% owner of Invesco California Value Municipal Income Trust, executed 8 separate purchases totaling 7,276 shares for $90,862.00 and 22 separate sales totaling 3,407 shares for $40,558.56 across June–August 2020. The bulk purchase of 6,000 shares at $12.67 on 2020-08-14 ($75,996.60) was offset by broad sales on 2020-08-27 at prices ranging from $12.05–$12.07, resulting in a net acquisition of 3,869 shares. The high volume of sales transactions on a single date (2020-08-27), executed at marginally lower prices than the prior large buy, combined with the eventual net long position, suggests operational rebalancing or index-driven activity rather than a conviction-driven directional view. Post-transaction holdings of 3,869 shares represent a material but controlled addition to a previously zero position.