Invesco Advantage Municipal Income Trust II
VKI
50 hedge funds and large institutions have $48.7M invested in Invesco Advantage Municipal Income Trust II in 2013 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 5 closing their positions.
240% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 5
58% more capital invested
Capital invested by funds: $30.9M → $48.7M (+$17.9M)
32% more funds holding
Funds holding: 38 → 50 (+12)
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
3.89% more ownership
Funds ownership: 6.65% → 10.54% (+3.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.25M |
| 2 |
MSL
Mackay Shields LLC
New York
|
+$3.05M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$2.03M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.73M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$1.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
-$3.19M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.75M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$1.02M |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$141K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$55.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FTCM
51
Fir Tree Capital Management
New York
| – | -$3.19M | -297,951 | Closed |
|
|
PP
52
Paloma Partners
Greenwich,
Connecticut
| – | -$141K | -13,200 | Closed |
|
53
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$8K | -750 | Closed |
|
|
TRCT
54
Tower Research Capital (TRC)
New York
| – | -$4K | -362 | Closed |
|
|
ECM
55
ETrade Capital Management
Arlington,
Virginia
| – | -$3K | -279 | Closed |
|
VKI Hedge Fund Activity: Q4 2013 in Review
50 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q4 2013, worth a combined $48.7M — up 58% from $30.9M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new VKI positions and 5 closed out — a net gain of 12 holders — while 14 added to existing stakes and 11 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $5.25M. The largest seller was Fir Tree Capital Management, exiting entirely with an estimated $3.19M sold.
- 50 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q4 2013, up from 38 in Q3 2013.
- Funds reported $48.7M of Invesco Advantage Municipal Income Trust II stock for Q4 2013, up 58% quarter-over-quarter.
- 17 funds opened new Invesco Advantage Municipal Income Trust II positions in Q4 2013 and 5 closed out, a net change of +12 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q4 2013 was Karpus Investment Management, an estimated $5.25M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q4 2013 was Fir Tree Capital Management, an estimated $3.19M sold.
Based on aggregated 13F filings for Q4 2013.