Invesco Advantage Municipal Income Trust II
VKI
61 hedge funds and large institutions have $74.6M invested in Invesco Advantage Municipal Income Trust II in 2020 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 13 increasing their positions, 23 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
5% more funds holding
Funds holding: 58 → 61 (+3)
0.54% more ownership
Funds ownership: 15.82% → 16.36% (+0.54%)
5% less capital invested
Capital invested by funds: $78.5M → $74.6M (-$3.85M)
43% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$10.1M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.31M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$732K |
| 4 |
BB
Busey Bank
Urbana,
Illinois
|
+$728K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$708K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$3.46M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.24M |
| 3 |
MSL
Mackay Shields LLC
New York
|
-$1.68M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.35M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$650K |
VKI Hedge Fund Activity: Q1 2020 in Review
61 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q1 2020, worth a combined $74.6M — down 4.9% from $78.5M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new VKI positions and 7 closed out — a net gain of 5 holders — while 13 added to existing stakes and 23 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $10.1M. The largest seller was Robinson Capital Management, cutting an estimated $3.46M.
- 61 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q1 2020, up from 58 in Q4 2019.
- Funds reported $74.6M of Invesco Advantage Municipal Income Trust II stock for Q1 2020, down 4.9% quarter-over-quarter.
- 12 funds opened new Invesco Advantage Municipal Income Trust II positions in Q1 2020 and 7 closed out, a net change of +5 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q1 2020 was Karpus Investment Management, an estimated $10.1M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q1 2020 was Robinson Capital Management, an estimated $3.46M sold.
Based on aggregated 13F filings for Q1 2020.