Invesco Advantage Municipal Income Trust II
VKI
48 hedge funds and large institutions have $39M invested in Invesco Advantage Municipal Income Trust II in 2016 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 15 reducing their positions, and 9 closing their positions.
0.74% less ownership
Funds ownership: 7.39% → 6.65% (-0.74%)
2% less capital invested
Capital invested by funds: $39.9M → $39M (-$950K)
4% less funds holding
Funds holding: 50 → 48 (-2)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
40% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$524K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$500K |
| 3 |
IA
IFP Advisors
Tampa,
Florida
|
+$177K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$174K |
| 5 |
LIM
Leavell Investment Management
Mobile,
Alabama
|
+$165K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tradewinds Capital Management
Bellingham,
Washington
|
-$1.65M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.06M |
| 3 |
LPL Financial
San Diego,
California
|
-$855K |
| 4 |
Morgan Stanley
New York
|
-$471K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$442K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WFI
51
West Family Investments
Carlsbad,
California
| – | -$351K | -28,300 | Closed |
|
52
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$200K | -16,109 | Closed |
|
|
MG
53
Mather Group
Chicago,
Illinois
| – | -$136K | -10,975 | Closed |
|
|
AIG
54
American International Group
New York
| – | -$12K | -1,000 | Closed |
|
|
BBPWM
55
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| – | -$11K | -910 | Closed |
|
|
KFA
56
Kelleher Financial Advisors
New York
| – | -$10K | -820 | Closed |
|
|
DOA
57
D'Orazio & Associates
Falls Church,
Virginia
| – | -$4K | -394 | Closed |
|
VKI Hedge Fund Activity: Q2 2016 in Review
48 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q2 2016, worth a combined $39M — down 2.4% from $39.9M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of VKI and 7 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 9 added.
The largest buyer was Wells Fargo, adding an estimated $524K. The largest seller was Tradewinds Capital Management, exiting entirely with an estimated $1.65M sold.
- 48 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q2 2016, down from 50 in Q1 2016.
- Funds reported $39M of Invesco Advantage Municipal Income Trust II stock for Q2 2016, down 2.4% quarter-over-quarter.
- 7 funds opened new Invesco Advantage Municipal Income Trust II positions in Q2 2016 and 9 closed out, a net change of -2 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q2 2016 was Wells Fargo, an estimated $524K added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q2 2016 was Tradewinds Capital Management, an estimated $1.65M sold.
Based on aggregated 13F filings for Q2 2016.