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Invesco Advantage Municipal Income Trust II
VKI

52 hedge funds and large institutions have $46.8M invested in Invesco Advantage Municipal Income Trust II in 2015 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 12 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

6% more funds holding

Funds holding: 49 → 52 (+3)

0.1% more ownership

Funds ownership: 9.64% → 9.74% (+0.1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 12

8% less capital invested

Capital invested by funds: $51.1M → $46.8M (-$4.32M)

Holders
52
Holders Change
+3
Holders Change %
+6.12%
% of All Funds
1.4%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
8
Increased
12
Reduced
12
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$2.52M
2
GC
Guggenheim Capital
Illinois
+$1.55M
3
LCM
Landscape Capital Management
New Jersey
+$371K
4
DA
Doliver Advisors
Texas
+$204K
5
SFWA
Summit Financial Wealth Advisors
Louisiana
+$163K

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$2.92M
2
Morgan Stanley
Morgan Stanley
New York
-$711K
3
SIA
Sit Investment Associates
Minnesota
-$489K
4
MIG
Mariner Investment Group
New York
-$260K
5
AAM
Advisors Asset Management
Colorado
-$207K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
26
Bank of Montreal
Ontario, Canada
$176K -$43.9K -3,862 -19%
SFWA
27
Summit Financial Wealth Advisors
Louisiana
$157K +$163K +14,344 New
FAAS
28
First Allied Advisory Services
California
$155K – – –
S
29
SignatureFD
Georgia
$121K +$126K +11,059 New
ICAS
30
Investors Capital Advisory Services
Massachusetts
$114K +$1.17K +103 +1%
CTC
31
Central Trust Company
Missouri
$108K +$112K +9,885 New
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$83K +$2.59K +228 +3%
CFA
33
Carroll Financial Associates
North Carolina
$64K – – –
WAM
34
Wolverine Asset Management
Illinois
$62K +$64.9K +5,713 New
PNC Financial Services Group
35
PNC Financial Services Group
Pennsylvania
$45K -$45.7K -4,025 -49%
BIM
36
BlackRock Investment Management
Delaware
$39K – – –
Deutsche Bank
37
Deutsche Bank
Germany
$36K -$10.8K -954 -23%
ST
38
Somerset Trust
Pennsylvania
$31K -$7.96K -700 -20%
NFG
39
Next Financial Group
Texas
$23K – – –
FFC
40
First Financial Corp
Indiana
$16K – – –
US Bancorp
41
US Bancorp
Minnesota
$14K – – –
LTFS
42
Ladenburg Thalmann Financial Services
Florida
$12K – – –
Northwestern Mutual Wealth Management
43
Northwestern Mutual Wealth Management
Wisconsin
$11K – – –
AIG
44
American International Group
New York
$11K – – –
Fifth Third Bancorp
45
Fifth Third Bancorp
Ohio
$10K – – –
AP
46
Atwood & Palmer
Missouri
$10K +$9.91K +872 New
JFA
47
JNBA Financial Advisors
Minnesota
$8K – – –
MFS
48
MSI Financial Services
Massachusetts
$7K +$45 +4 +0.7%
First Manhattan
49
First Manhattan
New York
$5K – – –
Northern Trust
50
Northern Trust
Illinois
$2K – – –
1
2
3

VKI Hedge Fund Activity: Q2 2015 in Review

52 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q2 2015, worth a combined $46.8M — down 8.5% from $51.1M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new VKI positions and 5 closed out — a net gain of 3 holders — while 12 added to existing stakes and 12 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $2.52M. The largest seller was Mackay Shields LLC, cutting an estimated $2.92M.

  • 52 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q2 2015, up from 49 in Q1 2015.
  • Funds reported $46.8M of Invesco Advantage Municipal Income Trust II stock for Q2 2015, down 8.5% quarter-over-quarter.
  • 8 funds opened new Invesco Advantage Municipal Income Trust II positions in Q2 2015 and 5 closed out, a net change of +3 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q2 2015 was Karpus Investment Management, an estimated $2.52M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q2 2015 was Mackay Shields LLC, an estimated $2.92M sold.

Based on aggregated 13F filings for Q2 2015.