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Invesco Advantage Municipal Income Trust II
VKI

79 hedge funds and large institutions have $109M invested in Invesco Advantage Municipal Income Trust II in 2023 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 28 increasing their positions, 13 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 7

115% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 13

36% more capital invested

Capital invested by funds: $79.5M → $109M (+$29M)

22% more funds holding

Funds holding: 65 → 79 (+14)

4.78% more ownership

Funds ownership: 24.14% → 28.91% (+4.8%)

Holders
79
Holders Change
+14
Holders Change %
+21.54%
% of All Funds
1.15%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
21
Increased
28
Reduced
13
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$3.65M
2
LSC
Logan Stone Capital
Illinois
+$1.95M
3
GC
Guggenheim Capital
Illinois
+$1.83M
4
HWAM
Hennion & Walsh Asset Management
New Jersey
+$1.33M
5
Wells Fargo
Wells Fargo
California
+$1.16M

Top Sellers

Rank Fund Capital Flow
1
GA
GFS Advisors
Texas
-$755K
2
Bank of America
Bank of America
North Carolina
-$666K
3
SIA
Sit Investment Associates
Minnesota
-$461K
4
RJA
Raymond James & Associates
Florida
-$429K
5
Invesco
Invesco
Georgia
-$273K
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
26
Wolverine Asset Management
Illinois
$637K +$201K +25,660 +52%
CIA
27
Capital Investment Advisors
Georgia
$599K -$4.82K -615 -0.9%
Invesco
28
Invesco
Georgia
$577K -$273K -34,763 -34%
Wealth Enhancement Advisory Services
29
Wealth Enhancement Advisory Services
Minnesota
$569K +$528K +67,369 New
Bank of Montreal
30
Bank of Montreal
Ontario, Canada
$503K +$53.4K +6,810 +16%
AGM
31
Alpine Global Management
New York
$494K +$459K +58,467 New
DWM
32
Dakota Wealth Management
Florida
$446K +$151K +19,200 +57%
Cambridge Investment Research Advisors
33
Cambridge Investment Research Advisors
Iowa
$392K +$38.8K +4,950 +12%
Stifel Financial
34
Stifel Financial
Missouri
$306K -$134K -17,122 -32%
N
35
Nuveen
North Carolina
$305K +$283K +36,132 New
Susquehanna International Group
36
Susquehanna International Group
Pennsylvania
$293K +$127K +16,254 +88%
BF
37
BOK Financial
Oklahoma
$270K – – –
IA
38
IFG Advisors
Missouri
$254K – – –
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$249K +$132K +16,771 +131%
ACA
40
Ackerman Capital Advisors
Texas
$248K +$230K +29,368 New
WAM
41
Weiss Asset Management
Massachusetts
$246K +$228K +29,085 New
MPCA
42
Madison Park Capital Advisors
Washington
$223K +$207K +26,400 New
KWA
43
Kingswood Wealth Advisors
California
$180K +$167K +21,280 New
CIA
44
Choate Investment Advisors
Massachusetts
$167K – – –
Creative Planning
45
Creative Planning
Kansas
$159K +$57.3K +7,300 +64%
CCG
46
Catalina Capital Group
California
$154K +$143K +18,223 New
WJWM
47
Williams Jones Wealth Management
New York
$148K +$137K +17,500 New
FPCP
48
Fort Point Capital Partners
California
$141K +$131K +16,674 New
RZH
49
Relyea Zuckerberg Hanson
Connecticut
$137K +$127K +16,221 New
SQA
50
Simon Quick Advisors
New Jersey
$136K +$8.71K +1,111 +7%
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VKI Hedge Fund Activity: Q4 2023 in Review

79 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q4 2023, worth a combined $109M — up 36% from $79.5M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new VKI positions and 7 closed out — a net gain of 14 holders — while 28 added to existing stakes and 13 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $3.65M. The largest seller was GFS Advisors, exiting entirely with an estimated $755K sold.

  • 79 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q4 2023, up from 65 in Q3 2023.
  • Funds reported $109M of Invesco Advantage Municipal Income Trust II stock for Q4 2023, up 36% quarter-over-quarter.
  • 21 funds opened new Invesco Advantage Municipal Income Trust II positions in Q4 2023 and 7 closed out, a net change of +14 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q4 2023 was Morgan Stanley, an estimated $3.65M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q4 2023 was GFS Advisors, an estimated $755K sold.

Based on aggregated 13F filings for Q4 2023.