Invesco Advantage Municipal Income Trust II
VKI
49 hedge funds and large institutions have $57.1M invested in Invesco Advantage Municipal Income Trust II in 2014 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 9 reducing their positions, and 5 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 9
11% more capital invested
Capital invested by funds: $51.5M → $57.1M (+$5.57M)
0.77% more ownership
Funds ownership: 10.66% → 11.43% (+0.77%)
2% less funds holding
Funds holding: 50 → 49 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$3.35M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.2M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$1.55M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$936K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$302K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.57M |
| 2 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$1.01M |
| 3 |
GA
GFS Advisors
Houston,
Texas
|
-$901K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$813K |
| 5 |
Morgan Stanley
New York
|
-$367K |
VKI Hedge Fund Activity: Q2 2014 in Review
49 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q2 2014, worth a combined $57.1M — up 11% from $51.5M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of VKI and 4 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 15 added.
The largest buyer was Mackay Shields LLC, adding an estimated $3.35M. The largest seller was Sit Investment Associates, cutting an estimated $1.57M.
- 49 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q2 2014, down from 50 in Q1 2014.
- Funds reported $57.1M of Invesco Advantage Municipal Income Trust II stock for Q2 2014, up 11% quarter-over-quarter.
- 4 funds opened new Invesco Advantage Municipal Income Trust II positions in Q2 2014 and 5 closed out, a net change of -1 holder.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q2 2014 was Mackay Shields LLC, an estimated $3.35M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q2 2014 was Sit Investment Associates, an estimated $1.57M sold.
Based on aggregated 13F filings for Q2 2014.