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Invesco Advantage Municipal Income Trust II
VKI

52 hedge funds and large institutions have $48.1M invested in Invesco Advantage Municipal Income Trust II in 2017 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 19 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 2

6% more funds holding

Funds holding: 49 → 52 (+3)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.86% less ownership

Funds ownership: 10.31% → 9.44% (-0.86%)

8% less capital invested

Capital invested by funds: $52.4M → $48.1M (-$4.25M)

37% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 19

Holders
52
Holders Change
+3
Holders Change %
+6.12%
% of All Funds
1.3%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
6
Increased
12
Reduced
19
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$1.4M
2
CIA
Capital Investment Advisors
Georgia
+$711K
3
Bank of America
Bank of America
North Carolina
+$289K
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$164K
5
DA
Doliver Advisors
Texas
+$128K

Top Sellers

Rank Fund Capital Flow
1
COLIM
City of London Investment Management
United Kingdom
-$2.62M
2
AIA
Allegis Investment Advisors
Idaho
-$1.18M
3
Morgan Stanley
Morgan Stanley
New York
-$1.01M
4
AAM
Advisors Asset Management
Colorado
-$697K
5
UBS Group
UBS Group
Switzerland
-$640K
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
26
IFP Advisors
Florida
$273K – – –
S
27
SignatureFD
Georgia
$248K – – –
Creative Planning
28
Creative Planning
Kansas
$247K -$5.16K -442 -2%
EFS
29
Essex Financial Services
Connecticut
$215K – – –
CCG
30
Ceeto Capital Group
Florida
$213K +$216K +18,500 New
FAAS
31
First Allied Advisory Services
California
$185K – – –
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$148K +$6.4K +548 +4%
HighTower Advisors
33
HighTower Advisors
Illinois
$136K +$374 +32 +0.3%
CAN
34
Cetera Advisor Networks
California
$131K -$25.7K -2,200 -16%
DA
35
Doliver Advisors
Texas
$126K +$128K +10,934 New
Susquehanna International Group
36
Susquehanna International Group
Pennsylvania
$125K -$604K -51,726 -83%
LPL Financial
37
LPL Financial
California
$123K -$24.6K -2,104 -16%
SFWA
38
Summit Financial Wealth Advisors
Louisiana
$119K +$120K +10,313 New
SG
39
Strid Group
Pennsylvania
$115K – – –
VF
40
Virtu Financial
New York
$115K +$117K +10,034 New
KF
41
Krilogy Financial
Missouri
$98K – – –
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
$76K – – –
TCM
43
Tradewinds Capital Management
Washington
$74K – – –
HT
44
Heritage Trust
Oklahoma
$51K – – –
Royal Bank of Canada
45
Royal Bank of Canada
Ontario, Canada
$32K +$15.8K +1,355 +93%
Northwestern Mutual Wealth Management
46
Northwestern Mutual Wealth Management
Wisconsin
$30K -$23.4K -2,000 -43%
ST
47
Somerset Trust
Pennsylvania
$23K – – –
BRC
48
Bell Rock Capital
Delaware
$17K – – –
CTC
49
Central Trust Company
Missouri
$17K +$17.5K +1,500 New
AG
50
Advisor Group
Arizona
$12K – – –
1
2
3

VKI Hedge Fund Activity: Q3 2017 in Review

52 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q3 2017, worth a combined $48.1M — down 8.1% from $52.4M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new VKI positions and 2 closed out — a net gain of 4 holders — while 12 added to existing stakes and 19 trimmed.

The largest buyer was Laurion Capital Management, opening a new position worth an estimated $1.4M. The largest seller was City of London Investment Management, cutting an estimated $2.62M.

  • 52 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q3 2017, up from 49 in Q2 2017.
  • Funds reported $48.1M of Invesco Advantage Municipal Income Trust II stock for Q3 2017, down 8.1% quarter-over-quarter.
  • 6 funds opened new Invesco Advantage Municipal Income Trust II positions in Q3 2017 and 2 closed out, a net change of +4 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q3 2017 was Laurion Capital Management, an estimated $1.4M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q3 2017 was City of London Investment Management, an estimated $2.62M sold.

Based on aggregated 13F filings for Q3 2017.