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Invesco Advantage Municipal Income Trust II
VKI

55 hedge funds and large institutions have $49.5M invested in Invesco Advantage Municipal Income Trust II in 2015 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 19 increasing their positions, 4 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

375% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 4

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

10% more funds holding

Funds holding: 50 → 55 (+5)

0.61% less ownership

Funds ownership: 10.22% → 9.62% (-0.61%)

3% less capital invested

Capital invested by funds: $50.8M → $49.5M (-$1.31M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
55
Holders Change
+5
Holders Change %
+10%
% of All Funds
1.44%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
12
Increased
19
Reduced
4
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$3.21M
2
UBS Group
UBS Group
Switzerland
+$1.75M
3
GC
Guggenheim Capital
Illinois
+$790K
4
LCM
Laurion Capital Management
New York
+$762K
5
SIA
Sit Investment Associates
Minnesota
+$689K

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$5.98M
2
Bank of America
Bank of America
North Carolina
-$3.28M
3
LSA
Liberty Street Advisors
New York
-$2.24M
4
KIM
Karpus Investment Management
New York
-$641K
5
Morgan Stanley
Morgan Stanley
New York
-$273K
Name Holding Trade Value Shares
Change 		Change in
Stake
MG
26
Mather Group
Illinois
$230K – – –
Bank of Montreal
27
Bank of Montreal
Ontario, Canada
$188K – – –
Cambridge Investment Research Advisors
28
Cambridge Investment Research Advisors
Iowa
$187K +$182K +15,908 New
SFWA
29
Summit Financial Wealth Advisors
Louisiana
$179K +$8.46K +740 +5%
FAAS
30
First Allied Advisory Services
California
$168K – – –
Stifel Financial
31
Stifel Financial
Missouri
$151K +$147K +12,814 New
HighTower Advisors
32
HighTower Advisors
Illinois
$134K +$131K +11,430 New
S
33
SignatureFD
Georgia
$130K – – –
ICAS
34
Investors Capital Advisory Services
Massachusetts
$125K +$1.38K +121 +1%
MFS
35
MSI Financial Services
Massachusetts
$124K +$114K +9,963 +1,666%
SG
36
Strid Group
Pennsylvania
$118K +$114K +10,000 New
IA
37
IFP Advisors
Florida
$107K +$103K +9,044 New
AIA
38
Allegis Investment Advisors
Idaho
$77K +$74.3K +6,495 New
CFA
39
Carroll Financial Associates
North Carolina
$68K – – –
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$46K +$11.8K +1,029 +36%
BIM
41
BlackRock Investment Management
Delaware
$42K – – –
Deutsche Bank
42
Deutsche Bank
Germany
$33K – – –
ST
43
Somerset Trust
Pennsylvania
$25K – – –
PNC Financial Services Group
44
PNC Financial Services Group
Pennsylvania
$19K – – –
FFC
45
First Financial Corp
Indiana
$17K – – –
LTFS
46
Ladenburg Thalmann Financial Services
Florida
$13K – – –
AIG
47
American International Group
New York
$12K – – –
JFA
48
JNBA Financial Advisors
Minnesota
$9K – – –
TC
49
Trust Company
Kansas
$6.03K +$5.86K +512 New
First Manhattan
50
First Manhattan
New York
$6K – – –
1
2
3

VKI Hedge Fund Activity: Q4 2015 in Review

55 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q4 2015, worth a combined $49.5M — down 2.6% from $50.8M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new VKI positions and 6 closed out — a net gain of 6 holders — while 19 added to existing stakes and 4 trimmed.

The largest buyer was Fiera Capital (Canada), opening a new position worth an estimated $3.21M. The largest seller was Mackay Shields LLC, exiting entirely with an estimated $5.98M sold.

  • 55 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q4 2015, up from 50 in Q3 2015.
  • Funds reported $49.5M of Invesco Advantage Municipal Income Trust II stock for Q4 2015, down 2.6% quarter-over-quarter.
  • 12 funds opened new Invesco Advantage Municipal Income Trust II positions in Q4 2015 and 6 closed out, a net change of +6 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q4 2015 was Fiera Capital (Canada), an estimated $3.21M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q4 2015 was Mackay Shields LLC, an estimated $5.98M sold.

Based on aggregated 13F filings for Q4 2015.