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Invesco Advantage Municipal Income Trust II
VKI

63 hedge funds and large institutions have $82.4M invested in Invesco Advantage Municipal Income Trust II in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 21 increasing their positions, 16 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 16

4% more capital invested

Capital invested by funds: $79.4M → $82.4M (+$3.01M)

0.1% more ownership

Funds ownership: 20.8% → 20.9% (+0.1%)

0% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 9

2% less funds holding

Funds holding: 64 → 63 (-1)

Holders
63
Holders Change
-1
Holders Change %
-1.56%
% of All Funds
1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
21
Reduced
16
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HWAM
Hennion & Walsh Asset Management
New Jersey
+$1.95M
2
RCM
Rivernorth Capital Management
Florida
+$1.3M
3
SIA
Sit Investment Associates
Minnesota
+$1.14M
4
LPL Financial
LPL Financial
California
+$802K
5
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$701K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$3.99M
2
Bank of America
Bank of America
North Carolina
-$1.06M
3
CIA
Capital Investment Advisors
Georgia
-$638K
4
GA
GFS Advisors
Texas
-$618K
5
WAM
Weiss Asset Management
Massachusetts
-$279K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
26
Bank of Montreal
Ontario, Canada
$386K -$22K -2,526 -6%
WP
27
Woodline Partners
California
$327K +$320K +36,702 New
BF
28
BOK Financial
Oklahoma
$285K – – –
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$272K +$22.2K +2,546 +9%
IA
30
IFG Advisors
Missouri
$267K – – –
CIA
31
Choate Investment Advisors
Massachusetts
$257K – – –
FAIM
32
Financial Advocates Investment Management
Washington
$230K -$3.31K -379 -1%
JP Morgan Chase
33
JP Morgan Chase
New York
$217K +$212K +24,341 New
SFWA
34
Summit Financial Wealth Advisors
Louisiana
$177K -$1.73K -198 -1%
NA
35
NewEdge Advisors
Louisiana
$171K – – –
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$164K +$24.2K +2,771 +18%
RFC
37
Regions Financial Corp
Alabama
$159K +$156K +17,850 New
DWM
38
Drive Wealth Management
Utah
$156K -$10K -1,150 -6%
LSC
39
Logan Stone Capital
Illinois
$139K -$176K -20,136 -56%
RJFSA
40
Raymond James Financial Services Advisors
Florida
$121K -$35.5K -4,068 -23%
LNWWM
41
Laird Norton Wetherby Wealth Management
California
$120K -$733 -84 -0.6%
IWC
42
Integrated Wealth Concepts
Massachusetts
$117K – – –
LCM
43
Landscape Capital Management
New Jersey
$114K -$80.2K -9,194 -42%
SIMG
44
Sonora Investment Management Group
Arizona
$112K – – –
KAS
45
Kestra Advisory Services
Texas
$105K +$3.75K +430 +4%
Creative Planning
46
Creative Planning
Kansas
$102K – – –
EPA
47
Element Pointe Advisors
Florida
$92.1K +$90.2K +10,336 New
Nomura Holdings
48
Nomura Holdings
Japan
$89.1K +$87.3K +10,000 New
GWSG
49
GPS Wealth Strategies Group
Colorado
$72.9K +$71.4K +8,182 New
TCM
50
Tradewinds Capital Management
Washington
$41.7K – – –
1
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3

VKI Hedge Fund Activity: Q1 2023 in Review

63 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q1 2023, worth a combined $82.4M — up 3.8% from $79.4M a quarter earlier.

Fund positioning in VKI was balanced in Q1 2023: 9 funds opened new positions, 9 closed out, 21 added to existing stakes and 16 trimmed.

The largest buyer was Hennion & Walsh Asset Management, adding an estimated $1.95M. The largest seller was Guggenheim Capital, cutting an estimated $3.99M.

  • 63 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q1 2023, down from 64 in Q4 2022.
  • Funds reported $82.4M of Invesco Advantage Municipal Income Trust II stock for Q1 2023, up 3.8% quarter-over-quarter.
  • 9 funds opened new Invesco Advantage Municipal Income Trust II positions in Q1 2023 and 9 closed out, a net change of 0 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q1 2023 was Hennion & Walsh Asset Management, an estimated $1.95M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q1 2023 was Guggenheim Capital, an estimated $3.99M sold.

Based on aggregated 13F filings for Q1 2023.