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Invesco Advantage Municipal Income Trust II
VKI

65 hedge funds and large institutions have $79.5M invested in Invesco Advantage Municipal Income Trust II in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

50% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 14

8% more funds holding

Funds holding: 60 → 65 (+5)

2.16% more ownership

Funds ownership: 21.97% → 24.14% (+2.2%)

3% less capital invested

Capital invested by funds: $82.1M → $79.5M (-$2.53M)

Holders
65
Holders Change
+5
Holders Change %
+8.33%
% of All Funds
1.03%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
21
Reduced
14
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$2.75M
2
RCM
Robinson Capital Management
Michigan
+$1.52M
3
AA
AQR Arbitrage
Connecticut
+$1.37M
4
ITIM
Indiana Trust & Investment Management
Indiana
+$977K
5
GA
GFS Advisors
Texas
+$833K

Top Sellers

Rank Fund Capital Flow
1
SMC
Smith, Moore & Co
Missouri
-$803K
2
SIA
Sit Investment Associates
Minnesota
-$587K
3
SFWA
Summit Financial Wealth Advisors
Louisiana
-$167K
4
UBS Group
UBS Group
Switzerland
-$151K
5
NA
NewEdge Advisors
Louisiana
-$137K
Name Holding Trade Value Shares
Change 		Change in
Stake
CIA
26
Capital Investment Advisors
Georgia
$530K -$6.33K -775 -1%
Bank of Montreal
27
Bank of Montreal
Ontario, Canada
$409K +$18.9K +2,314 +6%
Stifel Financial
28
Stifel Financial
Missouri
$395K +$34.3K +4,195 +9%
WAM
29
Wolverine Asset Management
Illinois
$368K +$282K +34,521 +227%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$307K +$1.22K +149 +0.4%
DWM
31
Dakota Wealth Management
Florida
$249K – – –
LCM
32
Landscape Capital Management
New Jersey
$236K +$88.8K +10,861 +52%
BF
33
BOK Financial
Oklahoma
$232K – – –
IA
34
IFG Advisors
Missouri
$222K – – –
MFG
35
Merit Financial Group
Georgia
$187K -$948 -116 -0.5%
CIA
36
Choate Investment Advisors
Massachusetts
$147K – – –
Susquehanna International Group
37
Susquehanna International Group
Pennsylvania
$136K +$150K +18,405 New
DWM
38
Drive Wealth Management
Utah
$122K – – –
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$120K -$27.5K -3,366 -17%
IC
40
IEQ Capital
California
$112K +$124K +15,121 New
SQA
41
Simon Quick Advisors
New Jersey
$111K +$122K +14,970 New
RJFSA
42
Raymond James Financial Services Advisors
Florida
$110K +$3.09K +378 +3%
LNWWM
43
Laird Norton Wetherby Wealth Management
California
$98.3K -$7.33K -897 -6%
MNBTD
44
Moody National Bank Trust Division
Texas
$97.5K +$108K +13,163 New
Royal Bank of Canada
45
Royal Bank of Canada
Ontario, Canada
$95K +$24.5K +3,000 +31%
Creative Planning
46
Creative Planning
Kansas
$84.9K – – –
IWC
47
Integrated Wealth Concepts
Massachusetts
$82.3K -$16.3K -2,000 -15%
STA
48
Summit Trail Advisors
New York
$82.2K +$90.7K +11,098 New
EPA
49
Element Pointe Advisors
Florida
$76.6K – – –
Northwestern Mutual Wealth Management
50
Northwestern Mutual Wealth Management
Wisconsin
$64.3K +$71K +8,684 New
1
2
3

VKI Hedge Fund Activity: Q3 2023 in Review

65 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q3 2023, worth a combined $79.5M — down 3.1% from $82.1M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new VKI positions and 7 closed out — a net gain of 5 holders — while 21 added to existing stakes and 14 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $2.75M. The largest seller was Smith, Moore & Co, exiting entirely with an estimated $803K sold.

  • 65 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q3 2023, up from 60 in Q2 2023.
  • Funds reported $79.5M of Invesco Advantage Municipal Income Trust II stock for Q3 2023, down 3.1% quarter-over-quarter.
  • 12 funds opened new Invesco Advantage Municipal Income Trust II positions in Q3 2023 and 7 closed out, a net change of +5 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q3 2023 was Rivernorth Capital Management, an estimated $2.75M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q3 2023 was Smith, Moore & Co, an estimated $803K sold.

Based on aggregated 13F filings for Q3 2023.