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Invesco Advantage Municipal Income Trust II
VKI

49 hedge funds and large institutions have $51.1M invested in Invesco Advantage Municipal Income Trust II in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 11 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 11

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.41% less ownership

Funds ownership: 11.05% → 9.64% (-1.4%)

8% less funds holding

Funds holding: 53 → 49 (-4)

10% less capital invested

Capital invested by funds: $56.6M → $51.1M (-$5.47M)

33% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 9

Holders
49
Holders Change
-4
Holders Change %
-7.55%
% of All Funds
1.31%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
6
Increased
18
Reduced
11
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
+$3.95M
2
Bank of America
Bank of America
North Carolina
+$2.87M
3
LSA
Liberty Street Advisors
New York
+$1.36M
4
PPA
Parametric Portfolio Associates
Washington
+$953K
5
AAM
Advisors Asset Management
Colorado
+$490K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$5.25M
2
Morgan Stanley
Morgan Stanley
New York
-$3.18M
3
UBS Group
UBS Group
Switzerland
-$2.56M
4
CA
Cornerstone Advisors
North Carolina
-$1.54M
5
RCM
Rivernorth Capital Management
Florida
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
FAAS
26
First Allied Advisory Services
California
$168K – – –
HighTower Advisors
27
HighTower Advisors
Illinois
$133K -$74.1K -6,300 -36%
CA
28
Cetera Advisors
Colorado
$129K – – –
ICAS
29
Investors Capital Advisory Services
Massachusetts
$121K +$1.17K +99 +1%
Susquehanna International Group
30
Susquehanna International Group
Pennsylvania
$118K +$119K +10,079 New
PNC Financial Services Group
31
PNC Financial Services Group
Pennsylvania
$95K -$502K -42,657 -84%
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$86K -$46.1K -3,921 -35%
CFA
33
Carroll Financial Associates
North Carolina
$69K +$68.8K +5,850 New
Deutsche Bank
34
Deutsche Bank
Germany
$49K +$11.2K +954 +29%
BIM
35
BlackRock Investment Management
Delaware
$42K +$41.7K +3,549 New
ST
36
Somerset Trust
Pennsylvania
$41K -$5.88K -500 -13%
NFG
37
Next Financial Group
Texas
$24K +$22.7K +1,927 +964%
FFC
38
First Financial Corp
Indiana
$17K – – –
US Bancorp
39
US Bancorp
Minnesota
$15K +$812 +69 +6%
LTFS
40
Ladenburg Thalmann Financial Services
Florida
$13K – – –
Northwestern Mutual Wealth Management
41
Northwestern Mutual Wealth Management
Wisconsin
$12K +$11.8K +1,000 New
AIG
42
American International Group
New York
$11.8K – – –
Fifth Third Bancorp
43
Fifth Third Bancorp
Ohio
$11K – – –
JFA
44
JNBA Financial Advisors
Minnesota
$8K – – –
MFS
45
MSI Financial Services
Massachusetts
$7K +$47 +4 +0.7%
First Manhattan
46
First Manhattan
New York
$6K -$5.96K -507 -50%
Northern Trust
47
Northern Trust
Illinois
$3K – – –
TRCT
48
Tower Research Capital (TRC)
New York
$1K -$3.22K -274 -73%
W
49
Wealthfront
California
$1K +$1.18K +100 New
CA
50
Cornerstone Advisors
North Carolina
– -$1.54M -133,008 Closed
1
2
3

VKI Hedge Fund Activity: Q1 2015 in Review

49 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q1 2015, worth a combined $51.1M — down 9.7% from $56.6M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of VKI and 6 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 18 added.

The largest buyer was Mackay Shields LLC, adding an estimated $3.95M. The largest seller was Karpus Investment Management, cutting an estimated $5.25M.

  • 49 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q1 2015, down from 53 in Q4 2014.
  • Funds reported $51.1M of Invesco Advantage Municipal Income Trust II stock for Q1 2015, down 9.7% quarter-over-quarter.
  • 6 funds opened new Invesco Advantage Municipal Income Trust II positions in Q1 2015 and 9 closed out, a net change of -3 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q1 2015 was Mackay Shields LLC, an estimated $3.95M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q1 2015 was Karpus Investment Management, an estimated $5.25M sold.

Based on aggregated 13F filings for Q1 2015.