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Invesco Advantage Municipal Income Trust II
VKI

52 hedge funds and large institutions have $58.8M invested in Invesco Advantage Municipal Income Trust II in 2018 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 17 increasing their positions, 14 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 14

0.86% less ownership

Funds ownership: 13.47% → 12.6% (-0.86%)

10% less funds holding

Funds holding: 58 → 52 (-6)

15% less capital invested

Capital invested by funds: $68.8M → $58.8M (-$10M)

56% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 9

Holders
52
Holders Change
-6
Holders Change %
-10.34%
% of All Funds
1.19%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
17
Reduced
14
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$1.31M
2
COLIM
City of London Investment Management
United Kingdom
+$699K
3
UBS Group
UBS Group
Switzerland
+$629K
4
GC
Guggenheim Capital
Illinois
+$520K
5
RJA
Raymond James & Associates
Florida
+$391K

Top Sellers

Rank Fund Capital Flow
1
SEI Investments
SEI Investments
Pennsylvania
-$6.44M
2
RCM
Robinson Capital Management
Michigan
-$2.75M
3
LCM
Laurion Capital Management
New York
-$1.34M
4
6M
6 Meridian
Kansas
-$635K
5
KIM
Karpus Investment Management
New York
-$612K
Name Holding Trade Value Shares
Change 		Change in
Stake
CCG
26
Ceeto Capital Group
Florida
$232K – – –
AA
27
AQR Arbitrage
Connecticut
$231K +$5.84K +547 +3%
EFS
28
Essex Financial Services
Connecticut
$184K -$13K -1,222 -7%
TCM
29
Tradewinds Capital Management
Washington
$165K – – –
QCIG
30
Quad-Cities Investment Group
Iowa
$160K +$2.18K +204 +1%
MML Investors Services
31
MML Investors Services
Massachusetts
$149K +$151K +14,161 New
LNWWM
32
Laird Norton Wetherby Wealth Management
California
$148K – – –
FAAS
33
First Allied Advisory Services
California
$144K -$26.7K -2,500 -16%
LPL Financial
34
LPL Financial
California
$141K -$3.12K -292 -2%
HCM
35
Hollencrest Capital Management
California
$133K -$4.48K -420 -3%
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$128K +$75 +7 +0.1%
Creative Planning
37
Creative Planning
Kansas
$117K -$140K -13,134 -54%
PNC Financial Services Group
38
PNC Financial Services Group
Pennsylvania
$74K – – –
BFC
39
Bedel Financial Consulting
Indiana
$70K – – –
HT
40
Heritage Trust
Oklahoma
$47K – – –
CFG
41
CKW Financial Group
Hawaii
$43K – – –
PCG
42
Private Capital Group
Connecticut
$42K – – –
Citigroup
43
Citigroup
New York
$32K – – –
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$23K +$7.63K +715 +49%
US Bancorp
45
US Bancorp
Minnesota
$22K -$26.7K -2,500 -55%
ST
46
Somerset Trust
Pennsylvania
$21K – – –
CTC
47
Central Trust Company
Missouri
$16K – – –
IA
48
IFP Advisors
Florida
$8K -$52.1K -4,879 -87%
BBHC
49
Brown Brothers Harriman & Co
New York
$7K – – –
Northwestern Mutual Wealth Management
50
Northwestern Mutual Wealth Management
Wisconsin
$6K +$5.85K +548 New
1
2
3

VKI Hedge Fund Activity: Q3 2018 in Review

52 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q3 2018, worth a combined $58.8M — down 15% from $68.8M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of VKI and 4 opened new positions — a net loss of 5 holders — while 14 trimmed existing stakes and 17 added.

The largest buyer was Fiera Capital (Canada), adding an estimated $1.31M. The largest seller was SEI Investments, exiting entirely with an estimated $6.44M sold.

  • 52 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q3 2018, down from 58 in Q2 2018.
  • Funds reported $58.8M of Invesco Advantage Municipal Income Trust II stock for Q3 2018, down 15% quarter-over-quarter.
  • 4 funds opened new Invesco Advantage Municipal Income Trust II positions in Q3 2018 and 9 closed out, a net change of -5 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q3 2018 was Fiera Capital (Canada), an estimated $1.31M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q3 2018 was SEI Investments, an estimated $6.44M sold.

Based on aggregated 13F filings for Q3 2018.