Global Endowment Management’s Invesco Advantage Municipal Income Trust II VKI Stock Holding History

Global Endowment Management’s Portfolio VKI Stock Details VKI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-133,450	Closed	-$1.52M	–	267
2014 Q3	$1.52M	Sell	133,450 -34,000	-20%	-$382K	0.23%	120
2014 Q2	$1.9M	Hold	167,450	–	–	0.29%	107
2014 Q1	$1.84M	Hold	167,450	–	–	0.29%	118
2013 Q4	$1.76M	Buy	167,450 +119,600	+250%	+$1.24M	0.36%	113
2013 Q3	$512K	Buy	+47,850	New	+$507K	0.13%	132

Other funds holding VKI

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

KIM

Karpus Investment Management Pittsford, New York $3.21B AUM 6.83% 1-Year Est. Return

SIA

Sit Investment Associates Minneapolis, Minnesota $4.93B AUM 12.22% 1-Year Est. Return

MSL

Mackay Shields LLC New York $2.73B AUM 2.13% 1-Year Est. Return

AAM

Advisors Asset Management Monument, Colorado $6.01B AUM 24.74% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

PPA

Parametric Portfolio Associates Seattle, Washington $190B AUM 18.52% 1-Year Est. Return

Cornerstone Advisors Asheville, North Carolina $2.72B AUM 22.17% 1-Year Est. Return

TCM

Tradewinds Capital Management Bellingham, Washington $504M AUM 40.92% 1-Year Est. Return

Global Endowment Management's VKI Position: Q4 2014 in Review

Global Endowment Management sold out of Invesco Advantage Municipal Income Trust II (VKI) in Q4 2014, closing a stake of 133,450 shares — an estimated $1.52M sold.

Global Endowment Management first reported a position in VKI in Q3 2013 and held it in 5 quarters. The position peaked at $1.9M in Q2 2014. 53 funds tracked by Wall St. Rank hold VKI as of Q4 2014.

Global Endowment Management reported no remaining Invesco Advantage Municipal Income Trust II position as of Q4 2014 after selling out during the quarter.
Global Endowment Management sold 133,450 Invesco Advantage Municipal Income Trust II shares in Q4 2014, an estimated $1.52M.
Global Endowment Management first reported a position in Invesco Advantage Municipal Income Trust II in Q3 2013 and held it in 5 quarters.
Global Endowment Management's Invesco Advantage Municipal Income Trust II position peaked at $1.9M in Q2 2014.
53 funds tracked by Wall St. Rank held Invesco Advantage Municipal Income Trust II as of Q4 2014.

Based on Global Endowment Management's 13F filing for Q4 2014, filed 17 Feb 2015.