Invesco Advantage Municipal Income Trust II
VKI
50 hedge funds and large institutions have $51.5M invested in Invesco Advantage Municipal Income Trust II in 2014 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 8 reducing their positions, and 7 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 8
6% more capital invested
Capital invested by funds: $48.7M → $51.5M (+$2.8M)
0.13% more ownership
Funds ownership: 10.54% → 10.66% (+0.13%)
0% more funds holding
Funds holding: 50 → 50 (0)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.41M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$1.04M |
| 3 |
Morgan Stanley
New York
|
+$900K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$879K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$661K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
-$3.33M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.09M |
| 3 |
SG Americas Securities
New York
|
-$366K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$260K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$243K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
51
Wolverine Asset Management
Chicago,
Illinois
| – | -$1.09M | -103,459 | Closed |
|
|
52
SG Americas Securities
New York
| – | -$366K | -34,783 | Closed |
|
|
OFG
53
OTA Financial Group
Purchase,
New York
| – | -$282 | -26,871 | Closed |
|
|
DA
54
Doliver Advisors
Houston,
Texas
| – | -$260K | -24,669 | Closed |
|
|
CIA
55
Capital Investment Advisors
Atlanta,
Georgia
| – | -$219K | -20,830 | Closed |
|
|
LCM
56
Landscape Capital Management
Englewood,
New Jersey
| – | -$128K | -12,195 | Closed |
|
VKI Hedge Fund Activity: Q1 2014 in Review
50 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q1 2014, worth a combined $51.5M — up 5.7% from $48.7M a quarter earlier.
Fund positioning in VKI was balanced in Q1 2014: 7 funds opened new positions, 7 closed out, 16 added to existing stakes and 8 trimmed.
The largest buyer was Mariner Investment Group, adding an estimated $1.41M. The largest seller was HighTower Advisors, exiting entirely with an estimated $3.33M sold.
- 50 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q1 2014, unchanged from Q4 2013.
- Funds reported $51.5M of Invesco Advantage Municipal Income Trust II stock for Q1 2014, up 5.7% quarter-over-quarter.
- 7 funds opened new Invesco Advantage Municipal Income Trust II positions in Q1 2014 and 7 closed out, a net change of 0 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q1 2014 was Mariner Investment Group, an estimated $1.41M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q1 2014 was HighTower Advisors, an estimated $3.33M sold.
Based on aggregated 13F filings for Q1 2014.