Invesco Advantage Municipal Income Trust II
VKI
49 hedge funds and large institutions have $51.1M invested in Invesco Advantage Municipal Income Trust II in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 11 reducing their positions, and 9 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 11
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.41% less ownership
Funds ownership: 11.05% → 9.64% (-1.4%)
8% less funds holding
Funds holding: 53 → 49 (-4)
10% less capital invested
Capital invested by funds: $56.6M → $51.1M (-$5.47M)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$3.95M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.87M |
| 3 |
LSA
Liberty Street Advisors
New York
|
+$1.36M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$953K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$490K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.25M |
| 2 |
Morgan Stanley
New York
|
-$3.18M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$2.56M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.54M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCM
51
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$1.3M | -111,941 | Closed |
|
52
AQR Capital Management
Greenwich,
Connecticut
| – | -$1.01M | -87,487 | Closed |
|
53
SG Americas Securities
New York
| – | -$429K | -36,964 | Closed |
|
|
DS
54
DRW Securities
Chicago,
Illinois
| – | -$187K | -16,100 | Closed |
|
|
CAS
55
CTC Alternative Strategies
Chicago,
Illinois
| – | -$172K | -14,820 | Closed |
|
|
OC
56
Oppenheimer & Co
New York
| – | -$147K | -12,711 | Closed |
|
|
LCM
57
Landscape Capital Management
Englewood,
New Jersey
| – | -$125K | -10,776 | Closed |
|
|
AP
58
Atwood & Palmer
Kansas City,
Missouri
| – | -$11K | -872 | Closed |
|
VKI Hedge Fund Activity: Q1 2015 in Review
49 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q1 2015, worth a combined $51.1M — down 9.7% from $56.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of VKI and 6 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 18 added.
The largest buyer was Mackay Shields LLC, adding an estimated $3.95M. The largest seller was Karpus Investment Management, cutting an estimated $5.25M.
- 49 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q1 2015, down from 53 in Q4 2014.
- Funds reported $51.1M of Invesco Advantage Municipal Income Trust II stock for Q1 2015, down 9.7% quarter-over-quarter.
- 6 funds opened new Invesco Advantage Municipal Income Trust II positions in Q1 2015 and 9 closed out, a net change of -3 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q1 2015 was Mackay Shields LLC, an estimated $3.95M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q1 2015 was Karpus Investment Management, an estimated $5.25M sold.
Based on aggregated 13F filings for Q1 2015.