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Invesco Advantage Municipal Income Trust II
VKI

71 hedge funds and large institutions have $93.7M invested in Invesco Advantage Municipal Income Trust II in 2025 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 15 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

67% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 15

1.09% less ownership

Funds ownership: 25.73% → 24.63% (-1.1%)

6% less capital invested

Capital invested by funds: $99.9M → $93.7M (-$6.2M)

8% less funds holding

Funds holding: 77 → 71 (-6)

33% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 15

Holders
71
Holders Change
-6
Holders Change %
-7.79%
% of All Funds
0.95%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
10
Increased
25
Reduced
15
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$849K
2
Wells Fargo
Wells Fargo
California
+$821K
3
Bank of America
Bank of America
North Carolina
+$598K
4
WIA
World Investment Advisors
California
+$443K
5
AC
AlphaCore Capital
California
+$258K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$4.23M
2
HWAM
Hennion & Walsh Asset Management
New Jersey
-$2.3M
3
KIM
Karpus Investment Management
New York
-$1.98M
4
VanEck Associates
VanEck Associates
New York
-$957K
5
IAA
Independent Advisor Alliance
North Carolina
-$752K
Name Holding Trade Value Shares
Change 		Change in
Stake
CIA
26
Capital Investment Advisors
Georgia
$601K +$1.72K +195 +0.3%
Wealth Enhancement Advisory Services
27
Wealth Enhancement Advisory Services
Minnesota
$575K – – –
Rockefeller Capital Management
28
Rockefeller Capital Management
New York
$551K +$1.79K +204 +0.3%
Ameriprise
29
Ameriprise
Minnesota
$495K +$38.4K +4,360 +8%
CC
30
CF Capital
Massachusetts
$468K +$7.79K +885 +2%
MPCA
31
Madison Park Capital Advisors
Washington
$359K +$4.74K +539 +1%
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$318K -$21.7K -2,472 -6%
QL
33
Quarry LP
New York
$315K – – –
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$300K +$42.3K +4,811 +16%
AC
35
AlphaCore Capital
California
$251K +$258K +29,340 New
N
36
Nuveen
North Carolina
$244K -$129K -14,650 -34%
Bank of Montreal
37
Bank of Montreal
Ontario, Canada
$237K +$1.86K +211 +0.8%
GWM
38
Geneos Wealth Management
Colorado
$228K +$144K +16,351 +158%
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$209K +$73.5K +8,359 +52%
XT
40
XTX Topco
Cayman Islands
$208K +$214K +24,305 New
Osaic Holdings
41
Osaic Holdings
Arizona
$199K -$519 -59 -0.3%
OCM
42
Orleans Capital Management
Louisiana
$195K – – –
Cetera Investment Advisers
43
Cetera Investment Advisers
Illinois
$179K +$184K +20,925 New
CIA
44
Choate Investment Advisors
Massachusetts
$169K – – –
MOS
45
MGO One Seven
Ohio
$157K – – –
TCM
46
Tradewinds Capital Management
Washington
$135K – – –
WJWM
47
Williams Jones Wealth Management
New York
$128K – – –
SQA
48
Simon Quick Advisors
New Jersey
$117K +$4.45K +506 +4%
MSAM
49
Moloney Securities Asset Management
Missouri
$115K +$9.18K +1,044 +8%
WS
50
Wedbush Securities
California
$113K +$4.18K +475 +4%
1
2
3 4

VKI Hedge Fund Activity: Q1 2025 in Review

71 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q1 2025, worth a combined $93.7M — down 6.2% from $99.9M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of VKI and 10 opened new positions — a net loss of 5 holders — while 15 trimmed existing stakes and 25 added.

The largest buyer was Guggenheim Capital, adding an estimated $849K. The largest seller was Rivernorth Capital Management, cutting an estimated $4.23M.

  • 71 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q1 2025, down from 77 in Q4 2024.
  • Funds reported $93.7M of Invesco Advantage Municipal Income Trust II stock for Q1 2025, down 6.2% quarter-over-quarter.
  • 10 funds opened new Invesco Advantage Municipal Income Trust II positions in Q1 2025 and 15 closed out, a net change of -5 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q1 2025 was Guggenheim Capital, an estimated $849K added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q1 2025 was Rivernorth Capital Management, an estimated $4.23M sold.

Based on aggregated 13F filings for Q1 2025.