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Invesco Advantage Municipal Income Trust II
VKI

53 hedge funds and large institutions have $55.9M invested in Invesco Advantage Municipal Income Trust II in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 2

89% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 9

8% more funds holding

Funds holding: 49 → 53 (+4)

0.3% less ownership

Funds ownership: 11.43% → 11.13% (-0.3%)

2% less capital invested

Capital invested by funds: $57.1M → $55.9M (-$1.16M)

Holders
53
Holders Change
+4
Holders Change %
+8.16%
% of All Funds
1.54%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
17
Reduced
9
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$1.07M
2
SIA
Sit Investment Associates
Minnesota
+$661K
3
KIM
Karpus Investment Management
New York
+$521K
4
PPA
Parametric Portfolio Associates
Washington
+$464K
5
AQR Capital Management
AQR Capital Management
Connecticut
+$318K

Top Sellers

Rank Fund Capital Flow
1
MIG
Mariner Investment Group
New York
-$2.71M
2
MSL
Mackay Shields LLC
New York
-$1.75M
3
RCM
Rivernorth Capital Management
Florida
-$536K
4
GEM
Global Endowment Management
North Carolina
-$382K
5
Northern Trust
Northern Trust
Illinois
-$227K
Name Holding Trade Value Shares
Change 		Change in
Stake
MG
26
Mather Group
Illinois
$217K +$1.56K +139 +0.7%
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$196K +$50.3K +4,477 +35%
DS
28
DRW Securities
Illinois
$183K – – –
Bank of Montreal
29
Bank of Montreal
Ontario, Canada
$182K – – –
CAS
30
CTC Alternative Strategies
Illinois
$169K – – –
HighTower Advisors
31
HighTower Advisors
Illinois
$168K +$166K +14,760 New
FAAS
32
First Allied Advisory Services
California
$162K +$160K +14,200 New
CA
33
Cetera Advisors
Colorado
$125K +$124K +11,000 New
Deutsche Bank
34
Deutsche Bank
Germany
$117K – – –
ICAS
35
Investors Capital Advisory Services
Massachusetts
$115K +$114K +10,108 New
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$88K +$4.96K +441 +6%
ST
37
Somerset Trust
Pennsylvania
$51K -$5.62K -500 -10%
LTFS
38
Ladenburg Thalmann Financial Services
Florida
$23K – – –
FFC
39
First Financial Corp
Indiana
$17K – – –
US Bancorp
40
US Bancorp
Minnesota
$14K – – –
AIG
41
American International Group
New York
$11.4K – – –
First Manhattan
42
First Manhattan
New York
$11K – – –
Fifth Third Bancorp
43
Fifth Third Bancorp
Ohio
$10K – – –
AP
44
Atwood & Palmer
Missouri
$10K +$9.8K +872 New
NES
45
New England Securities
New York
$9K +$8.39K +747 New
JFA
46
JNBA Financial Advisors
Minnesota
$8K – – –
MFS
47
MSI Financial Services
Massachusetts
$7K +$45 +4 +0.7%
TRCT
48
Tower Research Capital (TRC)
New York
$4K -$2.25K -200 -35%
DOA
49
D'Orazio & Associates
Virginia
$4K – – –
NFG
50
Next Financial Group
Texas
$4K +$2.25K +200 +133%
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VKI Hedge Fund Activity: Q3 2014 in Review

53 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q3 2014, worth a combined $55.9M — down 2% from $57.1M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new VKI positions and 2 closed out — a net gain of 4 holders — while 17 added to existing stakes and 9 trimmed.

The largest buyer was Advisors Asset Management, adding an estimated $1.07M. The largest seller was Mariner Investment Group, cutting an estimated $2.71M.

  • 53 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q3 2014, up from 49 in Q2 2014.
  • Funds reported $55.9M of Invesco Advantage Municipal Income Trust II stock for Q3 2014, down 2% quarter-over-quarter.
  • 6 funds opened new Invesco Advantage Municipal Income Trust II positions in Q3 2014 and 2 closed out, a net change of +4 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q3 2014 was Advisors Asset Management, an estimated $1.07M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q3 2014 was Mariner Investment Group, an estimated $2.71M sold.

Based on aggregated 13F filings for Q3 2014.