Invesco Advantage Municipal Income Trust II
VKI
53 hedge funds and large institutions have $56.6M invested in Invesco Advantage Municipal Income Trust II in 2014 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
17% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 12
1% more capital invested
Capital invested by funds: $55.9M → $56.6M (+$662K)
0% more funds holding
Funds holding: 53 → 53 (0)
0.08% less ownership
Funds ownership: 11.13% → 11.05% (-0.08%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$1.15M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.06M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$598K |
| 4 |
SG Americas Securities
New York
|
+$426K |
| 5 |
Morgan Stanley
New York
|
+$420K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$1.52M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.4M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$703K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$419K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$326K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
51
Tower Research Capital (TRC)
New York
| $4K | – | – | – |
|
52
Northern Trust
Chicago,
Illinois
| $3K | – | – | – |
|
|
NFG
53
Next Financial Group
Houston,
Texas
| $2K | -$1.73K | -150 | -43% |
|
|
GEM
54
Global Endowment Management
Charlotte,
North Carolina
| – | -$1.52M | -133,450 | Closed |
|
|
55
Allianz Asset Management
Munich,
Germany
| – | -$703K | -61,796 | Closed |
|
|
DOA
56
D'Orazio & Associates
Falls Church,
Virginia
| – | -$4K | -394 | Closed |
|
VKI Hedge Fund Activity: Q4 2014 in Review
53 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q4 2014, worth a combined $56.6M — up 1.2% from $55.9M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new VKI positions and 4 closed out — a net gain of 2 holders — while 14 added to existing stakes and 12 trimmed.
The largest buyer was 1832 Asset Management, opening a new position worth an estimated $1.15M. The largest seller was Global Endowment Management, exiting entirely with an estimated $1.52M sold.
- 53 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q4 2014, unchanged from Q3 2014.
- Funds reported $56.6M of Invesco Advantage Municipal Income Trust II stock for Q4 2014, up 1.2% quarter-over-quarter.
- 6 funds opened new Invesco Advantage Municipal Income Trust II positions in Q4 2014 and 4 closed out, a net change of +2 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q4 2014 was 1832 Asset Management, an estimated $1.15M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q4 2014 was Global Endowment Management, an estimated $1.52M sold.
Based on aggregated 13F filings for Q4 2014.