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Invesco Advantage Municipal Income Trust II
VKI

53 hedge funds and large institutions have $56.6M invested in Invesco Advantage Municipal Income Trust II in 2014 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 4

17% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 12

1% more capital invested

Capital invested by funds: $55.9M → $56.6M (+$662K)

0% more funds holding

Funds holding: 53 → 53 (0)

0.08% less ownership

Funds ownership: 11.13% → 11.05% (-0.08%)

Holders
53
Holders Change
–
Holders Change %
0%
% of All Funds
1.41%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
6
Increased
14
Reduced
12
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$1.15M
2
AAM
Advisors Asset Management
Colorado
+$1.06M
3
SIA
Sit Investment Associates
Minnesota
+$598K
4
SG Americas Securities
SG Americas Securities
New York
+$426K
5
Morgan Stanley
Morgan Stanley
New York
+$420K

Top Sellers

Rank Fund Capital Flow
1
GEM
Global Endowment Management
North Carolina
-$1.52M
2
KIM
Karpus Investment Management
New York
-$1.4M
3
Allianz Asset Management
Allianz Asset Management
Germany
-$703K
4
RCM
Rivernorth Capital Management
Florida
-$419K
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$326K
Name Holding Trade Value Shares
Change 		Change in
Stake
MG
26
Mather Group
Illinois
$223K +$1.59K +138 +0.7%
Creative Planning
27
Creative Planning
Kansas
$223K +$1.83K +159 +0.8%
HighTower Advisors
28
HighTower Advisors
Illinois
$205K +$33.4K +2,900 +20%
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$200K – – –
DS
30
DRW Securities
Illinois
$187K – – –
Bank of Montreal
31
Bank of Montreal
Ontario, Canada
$186K – – –
CAS
32
CTC Alternative Strategies
Illinois
$172K – – –
FAAS
33
First Allied Advisory Services
California
$164K – – –
OC
34
Oppenheimer & Co
New York
$147K +$146K +12,711 New
Royal Bank of Canada
35
Royal Bank of Canada
Ontario, Canada
$130K +$40.1K +3,480 +45%
CA
36
Cetera Advisors
Colorado
$128K – – –
LCM
37
Landscape Capital Management
New Jersey
$125K +$124K +10,776 New
ICAS
38
Investors Capital Advisory Services
Massachusetts
$118K +$1.14K +99 +1%
ST
39
Somerset Trust
Pennsylvania
$46K -$5.76K -500 -11%
Deutsche Bank
40
Deutsche Bank
Germany
$38K -$80.7K -7,000 -68%
FFC
41
First Financial Corp
Indiana
$17K – – –
US Bancorp
42
US Bancorp
Minnesota
$14K – – –
LTFS
43
Ladenburg Thalmann Financial Services
Florida
$13K -$10.4K -900 -45%
AIG
44
American International Group
New York
$11.6K – – –
AP
45
Atwood & Palmer
Missouri
$11K – – –
First Manhattan
46
First Manhattan
New York
$11K – – –
Fifth Third Bancorp
47
Fifth Third Bancorp
Ohio
$10K – – –
NES
48
New England Securities
New York
$9K – – –
JFA
49
JNBA Financial Advisors
Minnesota
$8K – – –
MFS
50
MSI Financial Services
Massachusetts
$7K +$46 +4 +0.7%
1
2
3

VKI Hedge Fund Activity: Q4 2014 in Review

53 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q4 2014, worth a combined $56.6M — up 1.2% from $55.9M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new VKI positions and 4 closed out — a net gain of 2 holders — while 14 added to existing stakes and 12 trimmed.

The largest buyer was 1832 Asset Management, opening a new position worth an estimated $1.15M. The largest seller was Global Endowment Management, exiting entirely with an estimated $1.52M sold.

  • 53 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q4 2014, unchanged from Q3 2014.
  • Funds reported $56.6M of Invesco Advantage Municipal Income Trust II stock for Q4 2014, up 1.2% quarter-over-quarter.
  • 6 funds opened new Invesco Advantage Municipal Income Trust II positions in Q4 2014 and 4 closed out, a net change of +2 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q4 2014 was 1832 Asset Management, an estimated $1.15M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q4 2014 was Global Endowment Management, an estimated $1.52M sold.

Based on aggregated 13F filings for Q4 2014.