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Invesco Advantage Municipal Income Trust II
VKI

58 hedge funds and large institutions have $68.8M invested in Invesco Advantage Municipal Income Trust II in 2018 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 11 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

82% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 11

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

27% more capital invested

Capital invested by funds: $54M → $68.8M (+$14.8M)

5% more funds holding

Funds holding: 55 → 58 (+3)

1.99% more ownership

Funds ownership: 11.47% → 13.47% (+2%)

Holders
58
Holders Change
+3
Holders Change %
+5.45%
% of All Funds
1.33%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
20
Reduced
11
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Baird Financial Group
Baird Financial Group
Wisconsin
+$1.55M
2
SEI Investments
SEI Investments
Pennsylvania
+$1.55M
3
LCM
Laurion Capital Management
New York
+$1.33M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$1.17M
5
RCM
Robinson Capital Management
Michigan
+$1.13M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$1.19M
2
CIA
Capital Investment Advisors
Georgia
-$157K
3
BF
BOK Financial
Oklahoma
-$138K
4
Morgan Stanley
Morgan Stanley
New York
-$137K
5
Ameriprise
Ameriprise
Minnesota
-$119K
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
26
Landscape Capital Management
New Jersey
$363K -$94.5K -8,919 -21%
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$331K -$83.4K -7,871 -20%
DADC
28
D.A. Davidson & Co
Montana
$324K +$322K +30,436 New
N
29
Nuveen
North Carolina
$271K – – –
Creative Planning
30
Creative Planning
Kansas
$258K +$15.9K +1,498 +7%
CCG
31
Ceeto Capital Group
Florida
$235K +$63.5K +6,000 +38%
AA
32
AQR Arbitrage
Connecticut
$228K +$52.1K +4,917 +30%
Ameriprise
33
Ameriprise
Minnesota
$213K -$119K -11,192 -36%
EFS
34
Essex Financial Services
Connecticut
$200K – – –
RJFSA
35
Raymond James Financial Services Advisors
Florida
$184K +$183K +17,233 New
FAAS
36
First Allied Advisory Services
California
$171K – – –
TCM
37
Tradewinds Capital Management
Washington
$167K – – –
QCIG
38
Quad-Cities Investment Group
Iowa
$160K +$49.9K +4,715 +46%
LNWWM
39
Laird Norton Wetherby Wealth Management
California
$150K +$6K +566 +4%
LPL Financial
40
LPL Financial
California
$145K -$1.59K -150 -1%
HCM
41
Hollencrest Capital Management
California
$136K – – –
DA
42
Doliver Advisors
Texas
$134K -$18.6K -1,757 -12%
Cambridge Investment Research Advisors
43
Cambridge Investment Research Advisors
Iowa
$130K +$64 +6 +0%
BFC
44
Bedel Financial Consulting
Indiana
$75K – – –
PNC Financial Services Group
45
PNC Financial Services Group
Pennsylvania
$75K +$21.7K +2,050 +41%
IA
46
IFP Advisors
Florida
$60K -$10.6K -999 -15%
US Bancorp
47
US Bancorp
Minnesota
$49K +$26.5K +2,500 +122%
HT
48
Heritage Trust
Oklahoma
$47K – – –
CFG
49
CKW Financial Group
Hawaii
$44K +$43.3K +4,084 New
PCG
50
Private Capital Group
Connecticut
$42K +$42.4K +4,000 New
1
2
3

VKI Hedge Fund Activity: Q2 2018 in Review

58 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q2 2018, worth a combined $68.8M — up 27% from $54M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new VKI positions and 6 closed out — a net gain of 4 holders — while 20 added to existing stakes and 11 trimmed.

The largest buyer was Baird Financial Group, opening a new position worth an estimated $1.55M. The largest seller was Bank of America, cutting an estimated $1.19M.

  • 58 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q2 2018, up from 55 in Q1 2018.
  • Funds reported $68.8M of Invesco Advantage Municipal Income Trust II stock for Q2 2018, up 27% quarter-over-quarter.
  • 10 funds opened new Invesco Advantage Municipal Income Trust II positions in Q2 2018 and 6 closed out, a net change of +4 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q2 2018 was Baird Financial Group, an estimated $1.55M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q2 2018 was Bank of America, an estimated $1.19M sold.

Based on aggregated 13F filings for Q2 2018.