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Invesco Advantage Municipal Income Trust II
VKI

66 hedge funds and large institutions have $62.2M invested in Invesco Advantage Municipal Income Trust II in 2022 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 8

16% more funds holding

Funds holding: 57 → 66 (+9)

1.11% more ownership

Funds ownership: 16.21% → 17.31% (+1.1%)

7% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 14

8% less capital invested

Capital invested by funds: $67.5M → $62.2M (-$5.3M)

Holders
66
Holders Change
+9
Holders Change %
+15.79%
% of All Funds
1.14%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
15
Reduced
14
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$2.85M
2
RCM
Rivernorth Capital Management
Florida
+$2.13M
3
RCM
Robinson Capital Management
Michigan
+$1.23M
4
BCM
Brookstone Capital Management
Illinois
+$1.01M
5
SMC
Smith, Moore & Co
Missouri
+$852K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$5.72M
2
Baird Financial Group
Baird Financial Group
Wisconsin
-$808K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$372K
4
IFG
Independent Financial Group
California
-$101K
5
SG
StoneX Group
New York
-$98.2K
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
26
Landscape Capital Management
New Jersey
$290K +$190K +20,737 +138%
CIA
27
Choate Investment Advisors
Massachusetts
$264K – – –
BF
28
BOK Financial
Oklahoma
$260K – – –
IA
29
IFG Advisors
Missouri
$244K – – –
IA
30
IFG Advisory
Georgia
$243K +$275K +30,000 New
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$233K -$20.7K -2,262 -7%
FAIM
32
Financial Advocates Investment Management
Washington
$231K +$174 +19 +0.1%
Cambridge Investment Research Advisors
33
Cambridge Investment Research Advisors
Iowa
$230K +$1.17K +128 +0.5%
KIM
34
Karpus Investment Management
New York
$217K +$245K +26,764 New
Mercer Global Advisors
35
Mercer Global Advisors
Colorado
$212K +$240K +26,158 New
SFWA
36
Summit Financial Wealth Advisors
Louisiana
$185K +$212K +23,075 New
LPL Financial
37
LPL Financial
California
$183K +$36.1K +3,937 +21%
NA
38
NewEdge Advisors
Louisiana
$164K -$31.6K -3,445 -15%
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$135K -$372K -40,602 -71%
SIMG
40
Sonora Investment Management Group
Arizona
$128K – – –
RJFSA
41
Raymond James Financial Services Advisors
Florida
$126K -$16.7K -1,824 -10%
BRWA
42
B. Riley Wealth Advisors
Florida
$114K +$128K +14,000 New
DWM
43
Dakota Wealth Management
Florida
$114K +$128K +14,000 New
Susquehanna International Group
44
Susquehanna International Group
Pennsylvania
$111K +$125K +13,631 New
IWC
45
Integrated Wealth Concepts
Massachusetts
$106K – – –
STA
46
Summit Trail Advisors
New York
$102K +$115K +12,564 New
KAS
47
Kestra Advisory Services
Texas
$101K +$5.93K +647 +5%
Creative Planning
48
Creative Planning
Kansas
$88K -$2.29K -250 -2%
Financial Engines Advisors
49
Financial Engines Advisors
California
$87K – – –
DWM
50
Drive Wealth Management
Utah
$87K +$98.1K +10,699 New
1
2
3

VKI Hedge Fund Activity: Q3 2022 in Review

66 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q3 2022, worth a combined $62.2M — down 7.8% from $67.5M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new VKI positions and 8 closed out — a net gain of 10 holders — while 15 added to existing stakes and 14 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $2.85M. The largest seller was Bank of America, cutting an estimated $5.72M.

  • 66 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q3 2022, up from 57 in Q2 2022.
  • Funds reported $62.2M of Invesco Advantage Municipal Income Trust II stock for Q3 2022, down 7.8% quarter-over-quarter.
  • 18 funds opened new Invesco Advantage Municipal Income Trust II positions in Q3 2022 and 8 closed out, a net change of +10 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q3 2022 was Sit Investment Associates, an estimated $2.85M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q3 2022 was Bank of America, an estimated $5.72M sold.

Based on aggregated 13F filings for Q3 2022.