Invesco Advantage Municipal Income Trust II
VKI
50 hedge funds and large institutions have $39.9M invested in Invesco Advantage Municipal Income Trust II in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 15 reducing their positions, and 11 closing their positions.
2.23% less ownership
Funds ownership: 9.62% → 7.39% (-2.2%)
9% less funds holding
Funds holding: 55 → 50 (-5)
19% less capital invested
Capital invested by funds: $49.5M → $39.9M (-$9.57M)
27% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 15
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.67M |
| 2 |
LPL Financial
San Diego,
California
|
+$491K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$314K |
| 4 |
VanEck Associates
New York
|
+$277K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$127K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.93M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.54M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.9M |
| 4 |
Morgan Stanley
New York
|
-$1.47M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$1.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KIM
51
Karpus Investment Management
Pittsford,
New York
| – | -$3.93M | -333,241 | Closed |
|
|
RCM
52
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$2.54M | -215,737 | Closed |
|
|
53
1832 Asset Management
Toronto,
Ontario, Canada
| – | -$1.2M | -101,712 | Closed |
|
|
LCM
54
Laurion Capital Management
New York
| – | -$785K | -66,652 | Closed |
|
55
SG Americas Securities
New York
| – | -$378K | -32,125 | Closed |
|
|
LCM
56
Landscape Capital Management
Englewood,
New Jersey
| – | -$237K | -20,109 | Closed |
|
|
IA
57
IFP Advisors
Tampa,
Florida
| – | -$107K | -9,044 | Closed |
|
|
AIA
58
Allegis Investment Advisors
Idaho Falls,
Idaho
| – | -$77K | -6,495 | Closed |
|
|
BIM
59
BlackRock Investment Management
Wilmington,
Delaware
| – | -$42K | -3,549 | Closed |
|
|
TC
60
Trust Company
Manhattan,
Kansas
| – | -$6.03K | -512 | Closed |
|
61
US Bancorp
Minneapolis,
Minnesota
| – | -$1K | -69 | Closed |
|
VKI Hedge Fund Activity: Q1 2016 in Review
50 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q1 2016, worth a combined $39.9M — down 19% from $49.5M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of VKI and 6 opened new positions — a net loss of 5 holders — while 15 trimmed existing stakes and 11 added.
The largest buyer was UBS Group, adding an estimated $1.67M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $3.93M sold.
- 50 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q1 2016, down from 55 in Q4 2015.
- Funds reported $39.9M of Invesco Advantage Municipal Income Trust II stock for Q1 2016, down 19% quarter-over-quarter.
- 6 funds opened new Invesco Advantage Municipal Income Trust II positions in Q1 2016 and 11 closed out, a net change of -5 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q1 2016 was UBS Group, an estimated $1.67M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q1 2016 was Karpus Investment Management, an estimated $3.93M sold.
Based on aggregated 13F filings for Q1 2016.