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Invesco Advantage Municipal Income Trust II
VKI

56 hedge funds and large institutions have $67.9M invested in Invesco Advantage Municipal Income Trust II in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 12 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 12

1% more capital invested

Capital invested by funds: $66.9M → $67.9M (+$983K)

0.12% less ownership

Funds ownership: 14.05% → 13.93% (-0.12%)

5% less funds holding

Funds holding: 59 → 56 (-3)

33% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 9

Holders
56
Holders Change
-3
Holders Change %
-5.08%
% of All Funds
1.22%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
20
Reduced
12
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$1.37M
2
SIA
Sit Investment Associates
Minnesota
+$1,000K
3
RJA
Raymond James & Associates
Florida
+$911K
4
WS
Wedbush Securities
California
+$521K
5
6M
6 Meridian
Kansas
+$448K

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$3.84M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.8M
3
TCM
Tradewinds Capital Management
Washington
-$664K
4
WAM
Weiss Asset Management
Massachusetts
-$246K
5
Stifel Financial
Stifel Financial
Missouri
-$136K
Name Holding Trade Value Shares
Change 		Change in
Stake
TC
26
TownSquare Capital
Utah
$396K -$22.6K -2,100 -6%
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$394K -$16K -1,490 -4%
WAM
28
Wolverine Asset Management
Illinois
$318K +$242K +22,453 +347%
MAFM
29
Mid Atlantic Financial Management
Pennsylvania
$299K +$25.8K +2,400 +10%
Ameriprise
30
Ameriprise
Minnesota
$273K +$37.6K +3,490 +15%
CCG
31
Ceeto Capital Group
Florida
$242K – – –
DDPIC
32
Deroy & Devereaux Private Investment Counsel
Michigan
$220K -$50K -4,645 -19%
UR
33
USCA RIA
Texas
$215K – – –
QCIG
34
Quad-Cities Investment Group
Iowa
$207K +$2.24K +208 +1%
SFWA
35
Summit Financial Wealth Advisors
Louisiana
$178K +$175K +16,221 New
EFS
36
Essex Financial Services
Connecticut
$174K – – –
LPL Financial
37
LPL Financial
California
$170K +$19.5K +1,812 +13%
MML Investors Services
38
MML Investors Services
Massachusetts
$156K +$108 +10 +0.1%
BF
39
BOK Financial
Oklahoma
$110K +$108K +10,000 New
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$89K +$10.8K +1,000 +14%
BFC
41
Bedel Financial Consulting
Indiana
$77K – – –
TCM
42
Tradewinds Capital Management
Washington
$51K -$664K -61,700 -93%
Northwestern Mutual Wealth Management
43
Northwestern Mutual Wealth Management
Wisconsin
$44K – – –
PCG
44
Private Capital Group
Connecticut
$43K – – –
Citigroup
45
Citigroup
New York
$33K – – –
Royal Bank of Canada
46
Royal Bank of Canada
Ontario, Canada
$30K -$1.71K -159 -6%
FCB
47
First Command Bank
Texas
$27K – – –
FCFS
48
First Command Financial Services
Texas
$27K – – –
US Bancorp
49
US Bancorp
Minnesota
$23K – – –
Bank of Montreal
50
Bank of Montreal
Ontario, Canada
$19K +$18.8K +1,746 New
1
2
3

VKI Hedge Fund Activity: Q2 2019 in Review

56 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q2 2019, worth a combined $67.9M — up 1.5% from $66.9M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of VKI and 6 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 20 added.

The largest buyer was Robinson Capital Management, adding an estimated $1.37M. The largest seller was JP Morgan Chase, exiting entirely with an estimated $3.84M sold.

  • 56 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q2 2019, down from 59 in Q1 2019.
  • Funds reported $67.9M of Invesco Advantage Municipal Income Trust II stock for Q2 2019, up 1.5% quarter-over-quarter.
  • 6 funds opened new Invesco Advantage Municipal Income Trust II positions in Q2 2019 and 9 closed out, a net change of -3 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q2 2019 was Robinson Capital Management, an estimated $1.37M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q2 2019 was JP Morgan Chase, an estimated $3.84M sold.

Based on aggregated 13F filings for Q2 2019.