Invesco Advantage Municipal Income Trust II
VKI
53 hedge funds and large institutions have $55.9M invested in Invesco Advantage Municipal Income Trust II in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
89% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 9
8% more funds holding
Funds holding: 49 → 53 (+4)
0.3% less ownership
Funds ownership: 11.43% → 11.13% (-0.3%)
2% less capital invested
Capital invested by funds: $57.1M → $55.9M (-$1.16M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.07M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$661K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$521K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$464K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$318K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$2.71M |
| 2 |
MSL
Mackay Shields LLC
New York
|
-$1.75M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$536K |
| 4 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$382K |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$227K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Northern Trust
Chicago,
Illinois
| $3K | -$227K | -20,191 | -45% |
|
|
1IC
52
1919 Investment Counsel
Baltimore,
Maryland
| $2K | – | – | – |
|
|
CFA
53
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$133K | -11,700 | Closed |
|
|
CTC
54
Central Trust Company
Jefferson City,
Missouri
| – | -$51K | -4,500 | Closed |
|
VKI Hedge Fund Activity: Q3 2014 in Review
53 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q3 2014, worth a combined $55.9M — down 2% from $57.1M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new VKI positions and 2 closed out — a net gain of 4 holders — while 17 added to existing stakes and 9 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $1.07M. The largest seller was Mariner Investment Group, cutting an estimated $2.71M.
- 53 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q3 2014, up from 49 in Q2 2014.
- Funds reported $55.9M of Invesco Advantage Municipal Income Trust II stock for Q3 2014, down 2% quarter-over-quarter.
- 6 funds opened new Invesco Advantage Municipal Income Trust II positions in Q3 2014 and 2 closed out, a net change of +4 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q3 2014 was Advisors Asset Management, an estimated $1.07M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q3 2014 was Mariner Investment Group, an estimated $2.71M sold.
Based on aggregated 13F filings for Q3 2014.