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Invesco Advantage Municipal Income Trust II
VKI

59 hedge funds and large institutions have $66.9M invested in Invesco Advantage Municipal Income Trust II in 2019 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 15 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 15

10% more capital invested

Capital invested by funds: $61M → $66.9M (+$5.94M)

0.05% more ownership

Funds ownership: 14% → 14.05% (+0.05%)

12% less funds holding

Funds holding: 67 → 59 (-8)

62% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 13

Holders
59
Holders Change
-8
Holders Change %
-11.94%
% of All Funds
1.28%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
20
Reduced
15
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$3.77M
2
PPA
Parametric Portfolio Associates
Washington
+$2.86M
3
RJA
Raymond James & Associates
Florida
+$879K
4
RCM
Robinson Capital Management
Michigan
+$795K
5
SIA
Sit Investment Associates
Minnesota
+$624K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$2.96M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.58M
3
RCM
Rivernorth Capital Management
Florida
-$1.49M
4
LCM
Landscape Capital Management
New Jersey
-$935K
5
AA
AQR Arbitrage
Connecticut
-$737K
Name Holding Trade Value Shares
Change 		Change in
Stake
TC
26
TownSquare Capital
Utah
$390K +$37.5K +3,556 +11%
MAFM
27
Mid Atlantic Financial Management
Pennsylvania
$267K -$193K -18,300 -42%
DDPIC
28
Deroy & Devereaux Private Investment Counsel
Michigan
$265K – – –
Ameriprise
29
Ameriprise
Minnesota
$251K +$80.7K +7,648 +49%
WAM
30
Weiss Asset Management
Massachusetts
$246K -$321K -30,450 -57%
LCM
31
Landscape Capital Management
New Jersey
$242K -$935K -88,621 -80%
CCG
32
Ceeto Capital Group
Florida
$237K – – –
UR
33
USCA RIA
Texas
$210K +$52.8K +5,000 +34%
QCIG
34
Quad-Cities Investment Group
Iowa
$200K +$2.56K +243 +1%
EFS
35
Essex Financial Services
Connecticut
$170K – – –
MML Investors Services
36
MML Investors Services
Massachusetts
$153K +$95 +9 +0.1%
LPL Financial
37
LPL Financial
California
$147K -$7.46K -707 -5%
Millennium Management
38
Millennium Management
New York
$133K -$175K -16,608 -57%
HCM
39
Hollencrest Capital Management
California
$133K – – –
AA
40
AQR Arbitrage
Connecticut
$120K -$737K -69,849 -86%
PAS
41
Partnervest Advisory Services
California
$108K +$106K +10,052 New
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
$76K – – –
BFC
43
Bedel Financial Consulting
Indiana
$75K – – –
WAM
44
Wolverine Asset Management
Illinois
$69K -$198K -18,805 -74%
CFG
45
CKW Financial Group
Hawaii
$44K – – –
PCG
46
Private Capital Group
Connecticut
$43K – – –
Northwestern Mutual Wealth Management
47
Northwestern Mutual Wealth Management
Wisconsin
$43K +$22.9K +2,173 +119%
Citigroup
48
Citigroup
New York
$32K – – –
Royal Bank of Canada
49
Royal Bank of Canada
Ontario, Canada
$31K +$14.8K +1,405 +97%
FCB
50
First Command Bank
Texas
$26K +$25.8K +2,445 New
1
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VKI Hedge Fund Activity: Q1 2019 in Review

59 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q1 2019, worth a combined $66.9M — up 9.7% from $61M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of VKI and 5 opened new positions — a net loss of 8 holders — while 15 trimmed existing stakes and 20 added.

The largest buyer was JP Morgan Chase, opening a new position worth an estimated $3.77M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $2.96M sold.

  • 59 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q1 2019, down from 67 in Q4 2018.
  • Funds reported $66.9M of Invesco Advantage Municipal Income Trust II stock for Q1 2019, up 9.7% quarter-over-quarter.
  • 5 funds opened new Invesco Advantage Municipal Income Trust II positions in Q1 2019 and 13 closed out, a net change of -8 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q1 2019 was JP Morgan Chase, an estimated $3.77M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q1 2019 was Karpus Investment Management, an estimated $2.96M sold.

Based on aggregated 13F filings for Q1 2019.