Invesco Advantage Municipal Income Trust II
VKI
55 hedge funds and large institutions have $49.5M invested in Invesco Advantage Municipal Income Trust II in 2015 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 19 increasing their positions, 4 reducing their positions, and 6 closing their positions.
375% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 4
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
10% more funds holding
Funds holding: 50 → 55 (+5)
0.61% less ownership
Funds ownership: 10.22% → 9.62% (-0.61%)
3% less capital invested
Capital invested by funds: $50.8M → $49.5M (-$1.31M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$3.21M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.75M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$790K |
| 4 |
LCM
Laurion Capital Management
New York
|
+$762K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$689K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$5.98M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$3.28M |
| 3 |
LSA
Liberty Street Advisors
New York
|
-$2.24M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$641K |
| 5 |
Morgan Stanley
New York
|
-$273K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DOA
51
D'Orazio & Associates
Falls Church,
Virginia
| $5K | +$4.51K | +394 | New |
|
52
Northern Trust
Chicago,
Illinois
| $3K | +$76.7K | +6,706 | +26% |
|
|
NFG
53
Next Financial Group
Houston,
Texas
| $2K | -$22K | -1,927 | -91% |
|
54
US Bancorp
Minneapolis,
Minnesota
| $1K | – | – | – |
|
|
N
55
Nuveen
Charlotte,
North Carolina
| $410 | – | – | – |
|
|
MSL
56
Mackay Shields LLC
New York
| – | -$5.98M | -526,929 | Closed |
|
|
LSA
57
Liberty Street Advisors
New York
| – | -$2.24M | -197,649 | Closed |
|
58
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$11K | -1,000 | Closed |
|
|
DADC
59
D.A. Davidson & Co
Great Falls,
Montana
| – | -$10K | -930 | Closed |
|
|
CTC
60
Central Trust Company
Jefferson City,
Missouri
| – | -$6K | -512 | Closed |
|
|
TRCT
61
Tower Research Capital (TRC)
New York
| – | -$1K | -45 | Closed |
|
VKI Hedge Fund Activity: Q4 2015 in Review
55 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q4 2015, worth a combined $49.5M — down 2.6% from $50.8M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new VKI positions and 6 closed out — a net gain of 6 holders — while 19 added to existing stakes and 4 trimmed.
The largest buyer was Fiera Capital (Canada), opening a new position worth an estimated $3.21M. The largest seller was Mackay Shields LLC, exiting entirely with an estimated $5.98M sold.
- 55 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q4 2015, up from 50 in Q3 2015.
- Funds reported $49.5M of Invesco Advantage Municipal Income Trust II stock for Q4 2015, down 2.6% quarter-over-quarter.
- 12 funds opened new Invesco Advantage Municipal Income Trust II positions in Q4 2015 and 6 closed out, a net change of +6 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q4 2015 was Fiera Capital (Canada), an estimated $3.21M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q4 2015 was Mackay Shields LLC, an estimated $5.98M sold.
Based on aggregated 13F filings for Q4 2015.