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Invesco Advantage Municipal Income Trust II
VKI

62 hedge funds and large institutions have $57.6M invested in Invesco Advantage Municipal Income Trust II in 2016 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 19 increasing their positions, 12 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

58% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 12

55% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 11

38% more capital invested

Capital invested by funds: $41.9M → $57.6M (+$15.7M)

11% more funds holding

Funds holding: 56 → 62 (+6)

4.01% more ownership

Funds ownership: 7.74% → 11.75% (+4%)

Holders
62
Holders Change
+6
Holders Change %
+10.71%
% of All Funds
1.55%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
17
Increased
19
Reduced
12
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$3.21M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$2.59M
3
Bessemer Group
Bessemer Group
New Jersey
+$2.33M
4
Bank of America
Bank of America
North Carolina
+$2.14M
5
COLIM
City of London Investment Management
United Kingdom
+$1.78M

Top Sellers

Rank Fund Capital Flow
1
DA
Doliver Advisors
Texas
-$1.32M
2
CRC
Curi RMB Capital
Illinois
-$862K
3
TC
TFS Capital
Pennsylvania
-$658K
4
Wells Fargo
Wells Fargo
California
-$539K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$378K
Name Holding Trade Value Shares
Change 		Change in
Stake
DA
26
Doliver Advisors
Texas
$356K -$1.32M -116,399 -79%
Squarepoint
27
Squarepoint
New York
$351K +$356K +31,400 New
WAM
28
Weiss Asset Management
Massachusetts
$283K +$287K +25,317 New
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$276K +$2.88K +254 +1%
N
30
Nuveen
North Carolina
$259K – – –
IA
31
IFP Advisors
Florida
$259K +$106K +9,320 +68%
Wells Fargo
32
Wells Fargo
California
$254K -$539K -47,464 -68%
Fifth Third Bancorp
33
Fifth Third Bancorp
Ohio
$243K – – –
Ameriprise
34
Ameriprise
Minnesota
$238K -$50.3K -4,435 -17%
Creative Planning
35
Creative Planning
Kansas
$237K +$8.34K +735 +4%
CRC
36
Curi RMB Capital
Illinois
$236K -$862K -75,940 -78%
EFS
37
Essex Financial Services
Connecticut
$209K – – –
HCM
38
Hollencrest Capital Management
California
$200K +$203K +17,860 New
MFS
39
MSI Financial Services
Massachusetts
$179K +$113 +10 +0.1%
CAN
40
Cetera Advisor Networks
California
$174K -$13.6K -1,200 -7%
Bank of Montreal
41
Bank of Montreal
Ontario, Canada
$173K – – –
JIP
42
Jaffetilchin Investment Partners
Florida
$151K +$153K +13,521 New
SFWA
43
Summit Financial Wealth Advisors
Louisiana
$139K +$10.4K +918 +8%
HighTower Advisors
44
HighTower Advisors
Illinois
$129K +$352 +31 +0.3%
S
45
SignatureFD
Georgia
$124K – – –
Luther King Capital Management (LKCM)
46
Luther King Capital Management (LKCM)
Texas
$124K +$126K +11,073 New
SG
47
Strid Group
Pennsylvania
$112K – – –
TCM
48
Tradewinds Capital Management
Washington
$72K +$72.6K +6,400 New
Northwestern Mutual Wealth Management
49
Northwestern Mutual Wealth Management
Wisconsin
$51K +$52.2K +4,600 New
Royal Bank of Canada
50
Royal Bank of Canada
Ontario, Canada
$28K -$12.7K -1,116 -31%
1
2
3

VKI Hedge Fund Activity: Q4 2016 in Review

62 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q4 2016, worth a combined $57.6M — up 38% from $41.9M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new VKI positions and 11 closed out — a net gain of 6 holders — while 19 added to existing stakes and 12 trimmed.

The largest buyer was Robinson Capital Management, adding an estimated $3.21M. The largest seller was Doliver Advisors, cutting an estimated $1.32M.

  • 62 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q4 2016, up from 56 in Q3 2016.
  • Funds reported $57.6M of Invesco Advantage Municipal Income Trust II stock for Q4 2016, up 38% quarter-over-quarter.
  • 17 funds opened new Invesco Advantage Municipal Income Trust II positions in Q4 2016 and 11 closed out, a net change of +6 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q4 2016 was Robinson Capital Management, an estimated $3.21M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q4 2016 was Doliver Advisors, an estimated $1.32M sold.

Based on aggregated 13F filings for Q4 2016.