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Invesco Advantage Municipal Income Trust II
VKI

67 hedge funds and large institutions have $61M invested in Invesco Advantage Municipal Income Trust II in 2018 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 21 increasing their positions, 13 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

375% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 4

62% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 13

29% more funds holding

Funds holding: 52 → 67 (+15)

1.4% more ownership

Funds ownership: 12.6% → 14% (+1.4%)

4% more capital invested

Capital invested by funds: $58.8M → $61M (+$2.24M)

Holders
67
Holders Change
+15
Holders Change %
+28.85%
% of All Funds
1.49%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
19
Increased
21
Reduced
13
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$3.01M
2
RCM
Rivernorth Capital Management
Florida
+$1.51M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$884K
4
LCM
Landscape Capital Management
New Jersey
+$843K
5
GC
Guggenheim Capital
Illinois
+$767K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$2.59M
2
Bessemer Group
Bessemer Group
New Jersey
-$2.27M
3
Baird Financial Group
Baird Financial Group
Wisconsin
-$703K
4
Bank of America
Bank of America
North Carolina
-$617K
5
WS
Wedbush Securities
California
-$379K
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
26
Weiss Asset Management
Massachusetts
$526K +$535K +53,280 New
MIG
27
Mariner Investment Group
New York
$494K +$502K +50,000 New
MAFM
28
Mid Atlantic Financial Management
Pennsylvania
$426K +$433K +43,125 New
TC
29
TownSquare Capital
Utah
$346K +$327K +32,613 New
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$339K +$10.8K +1,081 +3%
Millennium Management
31
Millennium Management
New York
$285K +$290K +28,924 New
WAM
32
Wolverine Asset Management
Illinois
$249K +$254K +25,272 New
DDPIC
33
Deroy & Devereaux Private Investment Counsel
Michigan
$243K – – –
CCG
34
Ceeto Capital Group
Florida
$217K – – –
MWM
35
Merriman Wealth Management
Washington
$190K +$187K +18,653 New
QCIG
36
Quad-Cities Investment Group
Iowa
$183K +$32.5K +3,241 +21%
CRC
37
Curi RMB Capital
Illinois
$161K +$163K +16,272 New
EFS
38
Essex Financial Services
Connecticut
$156K -$17.1K -1,700 -10%
Ameriprise
39
Ameriprise
Minnesota
$155K -$198K -19,703 -56%
LNWWM
40
Laird Norton Wetherby Wealth Management
California
$143K +$4.62K +460 +3%
UR
41
USCA RIA
Texas
$143K +$145K +14,500 New
LPL Financial
42
LPL Financial
California
$142K +$10.2K +1,017 +8%
MML Investors Services
43
MML Investors Services
Massachusetts
$140K +$110 +11 +0.1%
Creative Planning
44
Creative Planning
Kansas
$124K +$15K +1,496 +13%
Cambridge Investment Research Advisors
45
Cambridge Investment Research Advisors
Iowa
$123K +$3.32K +331 +3%
HCM
46
Hollencrest Capital Management
California
$121K – – –
DWM
47
Dakota Wealth Management
Florida
$109K +$110K +11,000 New
PNC Financial Services Group
48
PNC Financial Services Group
Pennsylvania
$70K – – –
BFC
49
Bedel Financial Consulting
Indiana
$69K – – –
Carson Wealth (CWM LLC)
50
Carson Wealth (CWM LLC)
Nebraska
$66K +$67.2K +6,695 New
1
2
3

VKI Hedge Fund Activity: Q4 2018 in Review

67 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q4 2018, worth a combined $61M — up 3.8% from $58.8M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new VKI positions and 4 closed out — a net gain of 15 holders — while 21 added to existing stakes and 13 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $3.01M. The largest seller was UBS Group, cutting an estimated $2.59M.

  • 67 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q4 2018, up from 52 in Q3 2018.
  • Funds reported $61M of Invesco Advantage Municipal Income Trust II stock for Q4 2018, up 3.8% quarter-over-quarter.
  • 19 funds opened new Invesco Advantage Municipal Income Trust II positions in Q4 2018 and 4 closed out, a net change of +15 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q4 2018 was Karpus Investment Management, an estimated $3.01M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q4 2018 was UBS Group, an estimated $2.59M sold.

Based on aggregated 13F filings for Q4 2018.