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Invesco Advantage Municipal Income Trust II
VKI

56 hedge funds and large institutions have $41.9M invested in Invesco Advantage Municipal Income Trust II in 2016 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 17 increasing their positions, 10 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 6

70% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 10

17% more funds holding

Funds holding: 48 → 56 (+8)

7% more capital invested

Capital invested by funds: $39M → $41.9M (+$2.87M)

1.09% more ownership

Funds ownership: 6.65% → 7.74% (+1.1%)

Holders
56
Holders Change
+8
Holders Change %
+16.67%
% of All Funds
1.49%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
17
Reduced
10
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$2.01M
2
DA
Doliver Advisors
Texas
+$1.92M
3
CRC
Curi RMB Capital
Illinois
+$1.26M
4
SIA
Sit Investment Associates
Minnesota
+$889K
5
TC
TFS Capital
Pennsylvania
+$695K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$1.57M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$619K
3
Stifel Financial
Stifel Financial
Missouri
-$383K
4
Bank of America
Bank of America
North Carolina
-$280K
5
Wells Fargo
Wells Fargo
California
-$227K
Name Holding Trade Value Shares
Change 		Change in
Stake
EFS
26
Essex Financial Services
Connecticut
$230K -$114K -8,800 -32%
CAN
27
Cetera Advisor Networks
California
$206K +$53.9K +4,150 +33%
WAM
28
Wolverine Asset Management
Illinois
$201K +$213K +16,378 New
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$198K +$209K +16,115 New
Bank of Montreal
30
Bank of Montreal
Ontario, Canada
$197K – – –
MFS
31
MSI Financial Services
Massachusetts
$196K +$37.6K +2,899 +22%
Stifel Financial
32
Stifel Financial
Missouri
$193K -$383K -29,535 -65%
IA
33
IFP Advisors
Florida
$170K – – –
HighTower Advisors
34
HighTower Advisors
Illinois
$143K +$402 +31 +0.3%
SFWA
35
Summit Financial Wealth Advisors
Louisiana
$141K -$48.3K -3,723 -24%
LCM
36
Laurion Capital Management
New York
$138K +$146K +11,258 New
S
37
SignatureFD
Georgia
$136K – – –
JFA
38
JNBA Financial Advisors
Minnesota
$136K +$134K +10,336 +1,430%
RJA
39
Raymond James & Associates
Florida
$135K -$33.3K -2,565 -19%
SG
40
Strid Group
Pennsylvania
$123K – – –
PNC Financial Services Group
41
PNC Financial Services Group
Pennsylvania
$72K +$55K +4,235 +263%
CFA
42
Carroll Financial Associates
North Carolina
$71K – – –
FMP
43
Financial Management Professionals
Texas
$56K +$59.3K +4,565 New
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$45K +$28.2K +2,175 +149%
LTFS
45
Ladenburg Thalmann Financial Services
Florida
$26K – – –
ST
46
Somerset Trust
Pennsylvania
$25K – – –
FFC
47
First Financial Corp
Indiana
$18K – – –
AG
48
Advisor Group
Arizona
$12K – – –
DADC
49
D.A. Davidson & Co
Montana
$12K +$13K +1,000 New
NFG
50
Next Financial Group
Texas
$9K +$3.25K +250 +50%
1
2
3

VKI Hedge Fund Activity: Q3 2016 in Review

56 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q3 2016, worth a combined $41.9M — up 7.4% from $39M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new VKI positions and 6 closed out — a net gain of 9 holders — while 17 added to existing stakes and 10 trimmed.

The largest buyer was Robinson Capital Management, opening a new position worth an estimated $2.01M. The largest seller was Advisors Asset Management, cutting an estimated $1.57M.

  • 56 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q3 2016, up from 48 in Q2 2016.
  • Funds reported $41.9M of Invesco Advantage Municipal Income Trust II stock for Q3 2016, up 7.4% quarter-over-quarter.
  • 15 funds opened new Invesco Advantage Municipal Income Trust II positions in Q3 2016 and 6 closed out, a net change of +9 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q3 2016 was Robinson Capital Management, an estimated $2.01M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q3 2016 was Advisors Asset Management, an estimated $1.57M sold.

Based on aggregated 13F filings for Q3 2016.