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Invesco Advantage Municipal Income Trust II
VKI

59 hedge funds and large institutions have $85.7M invested in Invesco Advantage Municipal Income Trust II in 2020 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 14

5% more capital invested

Capital invested by funds: $81.8M → $85.7M (+$3.86M)

0.02% less ownership

Funds ownership: 17.03% → 17.02% (-0.02%)

8% less funds holding

Funds holding: 64 → 59 (-5)

56% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 9

Holders
59
Holders Change
-5
Holders Change %
-7.81%
% of All Funds
1.04%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
21
Reduced
14
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$7.52M
2
KAS
Kestra Advisory Services
Texas
+$1.06M
3
SIA
Sit Investment Associates
Minnesota
+$960K
4
COLIM
City of London Investment Management
United Kingdom
+$607K
5
UBS Group
UBS Group
Switzerland
+$599K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$6.94M
2
PPA
Parametric Portfolio Associates
Washington
-$1.39M
3
GC
Guggenheim Capital
Illinois
-$995K
4
N
Nuveen
North Carolina
-$817K
5
Bank of America
Bank of America
North Carolina
-$744K
Name Holding Trade Value Shares
Change 		Change in
Stake
FAIM
26
Financial Advocates Investment Management
Washington
$372K +$7.62K +691 +2%
CIA
27
Choate Investment Advisors
Massachusetts
$369K +$248K +22,500 +225%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$337K -$4.21K -382 -1%
SFWA
29
Summit Financial Wealth Advisors
Louisiana
$293K – – –
QCIG
30
Quad-Cities Investment Group
Iowa
$227K +$2.13K +193 +1%
BI
31
Bramshill Investments
Florida
$191K +$772 +70 +0.4%
RIG
32
Ramiah Investment Group
Wisconsin
$189K -$32K -2,903 -15%
CCG
33
Ceeto Capital Group
Florida
$182K – – –
MAFM
34
Mid Atlantic Financial Management
Pennsylvania
$180K -$4.41K -400 -2%
EFS
35
Essex Financial Services
Connecticut
$179K – – –
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$165K +$36K +3,261 +29%
Rockefeller Capital Management
37
Rockefeller Capital Management
New York
$164K +$55.2K +5,000 +53%
IA
38
IFG Advisors
Missouri
$159K -$199K -18,000 -56%
RA
39
Riverstone Advisors
Texas
$148K – – –
BRWM
40
B. Riley Wealth Management
Tennessee
$148K +$143K +13,000 New
Janney Montgomery Scott
41
Janney Montgomery Scott
Pennsylvania
$146K +$142K +12,879 New
LPL Financial
42
LPL Financial
California
$135K -$17.2K -1,560 -12%
PPA
43
Parametric Portfolio Associates
Washington
$125K -$1.39M -126,306 -92%
Bank of Montreal
44
Bank of Montreal
Ontario, Canada
$125K +$41.1K +3,727 +51%
BF
45
BOK Financial
Oklahoma
$114K – – –
BFC
46
Bedel Financial Consulting
Indiana
$79K – – –
PNC Financial Services Group
47
PNC Financial Services Group
Pennsylvania
$57K – – –
TCM
48
Tradewinds Capital Management
Washington
$53K – – –
Citigroup
49
Citigroup
New York
$45K – – –
PCG
50
Private Capital Group
Connecticut
$23K – – –
1
2
3

VKI Hedge Fund Activity: Q4 2020 in Review

59 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q4 2020, worth a combined $85.7M — up 4.7% from $81.8M 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 21 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $7.52M. The largest seller was Karpus Investment Management, cutting an estimated $6.94M.

  • 59 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q4 2020, down from 64 in Q3 2020.
  • Funds reported $85.7M of Invesco Advantage Municipal Income Trust II stock for Q4 2020, up 4.7% quarter-over-quarter.
  • 4 funds opened new Invesco Advantage Municipal Income Trust II positions in Q4 2020 and 9 closed out, a net change of -5 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q4 2020 was Rivernorth Capital Management, an estimated $7.52M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q4 2020 was Karpus Investment Management, an estimated $6.94M sold.

Based on aggregated 13F filings for Q4 2020.