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Invesco Advantage Municipal Income Trust II
VKI

50 hedge funds and large institutions have $51.5M invested in Invesco Advantage Municipal Income Trust II in 2014 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 8 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 8

6% more capital invested

Capital invested by funds: $48.7M → $51.5M (+$2.8M)

0.13% more ownership

Funds ownership: 10.54% → 10.66% (+0.13%)

0% more funds holding

Funds holding: 50 → 50 (0)

0% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 7

Holders
50
Holders Change
–
Holders Change %
0%
% of All Funds
1.44%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
16
Reduced
8
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MIG
Mariner Investment Group
New York
+$1.41M
2
U
UBS
Switzerland
+$1.04M
3
Morgan Stanley
Morgan Stanley
New York
+$900K
4
Bank of America
Bank of America
North Carolina
+$879K
5
SIA
Sit Investment Associates
Minnesota
+$661K

Top Sellers

Rank Fund Capital Flow
1
HighTower Advisors
HighTower Advisors
Illinois
-$3.33M
2
WAM
Wolverine Asset Management
Illinois
-$1.09M
3
SG Americas Securities
SG Americas Securities
New York
-$366K
4
DA
Doliver Advisors
Texas
-$260K
5
RCM
Rivernorth Capital Management
Florida
-$243K
Name Holding Trade Value Shares
Change 		Change in
Stake
MG
26
Mather Group
Illinois
$207K +$205K +18,813 New
DS
27
DRW Securities
Illinois
$177K – – –
Bank of Montreal
28
Bank of Montreal
Ontario, Canada
$176K – – –
CAS
29
CTC Alternative Strategies
Illinois
$163K -$35.9K -3,300 -18%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$140K -$7.25K -666 -5%
Creative Planning
31
Creative Planning
Kansas
$116K -$2.36K -217 -2%
Ameriprise
32
Ameriprise
Minnesota
$115K +$24.2K +2,221 +27%
FAAS
33
First Allied Advisory Services
California
$111K -$3.27K -300 -3%
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$80K – – –
ST
35
Somerset Trust
Pennsylvania
$55K – – –
CTC
36
Central Trust Company
Missouri
$49K +$49K +4,500 New
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$22K – – –
FFC
38
First Financial Corp
Indiana
$16K – – –
US Bancorp
39
US Bancorp
Minnesota
$13K – – –
BIM
40
BlackRock Investment Management
Delaware
$11K +$11K +1,007 New
First Manhattan
41
First Manhattan
New York
$11K +$11.1K +1,019 New
AIG
42
American International Group
New York
$11K – – –
Deutsche Bank
43
Deutsche Bank
Germany
$10K -$24.3K -2,234 -70%
Fifth Third Bancorp
44
Fifth Third Bancorp
Ohio
$10K +$9.8K +900 New
1IC
45
1919 Investment Counsel
Maryland
$9K – – –
JFA
46
JNBA Financial Advisors
Minnesota
$8K +$7.88K +723 New
MFS
47
MSI Financial Services
Massachusetts
$6K -$1.65K -151 -21%
Northern Trust
48
Northern Trust
Illinois
$5K +$229 +21 +0%
DOA
49
D'Orazio & Associates
Virginia
$4K – – –
HighTower Advisors
50
HighTower Advisors
Illinois
– -$3.33M -316,296 Closed
1
2
3

VKI Hedge Fund Activity: Q1 2014 in Review

50 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q1 2014, worth a combined $51.5M — up 5.7% from $48.7M a quarter earlier.

Fund positioning in VKI was balanced in Q1 2014: 7 funds opened new positions, 7 closed out, 16 added to existing stakes and 8 trimmed.

The largest buyer was Mariner Investment Group, adding an estimated $1.41M. The largest seller was HighTower Advisors, exiting entirely with an estimated $3.33M sold.

  • 50 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q1 2014, unchanged from Q4 2013.
  • Funds reported $51.5M of Invesco Advantage Municipal Income Trust II stock for Q1 2014, up 5.7% quarter-over-quarter.
  • 7 funds opened new Invesco Advantage Municipal Income Trust II positions in Q1 2014 and 7 closed out, a net change of 0 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q1 2014 was Mariner Investment Group, an estimated $1.41M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q1 2014 was HighTower Advisors, an estimated $3.33M sold.

Based on aggregated 13F filings for Q1 2014.