Invesco Advantage Municipal Income Trust II
VKI
38 hedge funds and large institutions have $30.9M invested in Invesco Advantage Municipal Income Trust II in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 8 increasing their positions, 10 reducing their positions, and 2 closing their positions.
350% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 2
44% more capital invested
Capital invested by funds: $21.4M → $30.9M (+$9.48M)
23% more funds holding
Funds holding: 31 → 38 (+7)
2.44% more ownership
Funds ownership: 4.2% → 6.65% (+2.4%)
20% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
+$3.16M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$1.63M |
| 3 |
Morgan Stanley
New York
|
+$1.62M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.37M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$366K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$143K |
| 3 |
Northern Trust
Chicago,
Illinois
|
-$128K |
| 4 |
Goldman Sachs
New York
|
-$122K |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$113K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
26
Ladenburg Thalmann Financial Services
Miami,
Florida
| $39K | – | – | – |
|
27
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $35K | – | – | – |
|
|
FFC
28
First Financial Corp
Terre Haute,
Indiana
| $16K | – | – | – |
|
29
US Bancorp
Minneapolis,
Minnesota
| $13K | – | – | – |
|
|
AIG
30
American International Group
New York
| $10.7K | – | – | – |
|
|
1IC
31
1919 Investment Counsel
Baltimore,
Maryland
| $9K | – | – | – |
|
|
MFS
32
MSI Financial Services
Springfield,
Massachusetts
| $8K | -$15.9K | -1,496 | -67% |
|
33
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $8K | +$7.95K | +750 | New |
|
|
34
Northern Trust
Chicago,
Illinois
| $5K | -$128K | -12,050 | -22% |
|
|
TRCT
35
Tower Research Capital (TRC)
New York
| $4K | +$2.61K | +246 | +212% |
|
|
ECM
36
ETrade Capital Management
Arlington,
Virginia
| $3K | – | – | – |
|
|
EFS
37
Essex Financial Services
Essex,
Connecticut
| $284 | – | – | – |
|
|
PFS
38
Prospera Financial Services
Dallas,
Texas
| – | -$366K | -30,800 | Closed |
|
|
39
Goldman Sachs
New York
| – | -$122K | -10,330 | Closed |
|
VKI Hedge Fund Activity: Q3 2013 in Review
38 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q3 2013, worth a combined $30.9M — up 44% from $21.4M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new VKI positions and 2 closed out — a net gain of 7 holders — while 8 added to existing stakes and 10 trimmed.
The largest buyer was Fir Tree Capital Management, opening a new position worth an estimated $3.16M. The largest seller was Prospera Financial Services, exiting entirely with an estimated $366K sold.
- 38 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q3 2013, up from 31 in Q2 2013.
- Funds reported $30.9M of Invesco Advantage Municipal Income Trust II stock for Q3 2013, up 44% quarter-over-quarter.
- 9 funds opened new Invesco Advantage Municipal Income Trust II positions in Q3 2013 and 2 closed out, a net change of +7 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q3 2013 was Fir Tree Capital Management, an estimated $3.16M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q3 2013 was Prospera Financial Services, an estimated $366K sold.
Based on aggregated 13F filings for Q3 2013.