Invesco Advantage Municipal Income Trust II
VKI
56 hedge funds and large institutions have $41.9M invested in Invesco Advantage Municipal Income Trust II in 2016 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 17 increasing their positions, 10 reducing their positions, and 6 closing their positions.
150% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 6
70% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 10
17% more funds holding
Funds holding: 48 → 56 (+8)
7% more capital invested
Capital invested by funds: $39M → $41.9M (+$2.87M)
1.09% more ownership
Funds ownership: 6.65% → 7.74% (+1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.01M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
+$1.92M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.26M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$889K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$695K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.57M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$619K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$383K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$280K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$227K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citigroup
New York
| $7K | +$7.33K | +565 | New |
|
52
First Manhattan
New York
| $6K | – | – | – |
|
|
MFW
53
Mosaic Family Wealth
St. Louis,
Missouri
| $5K | – | – | – |
|
54
Northern Trust
Chicago,
Illinois
| $4K | – | – | – |
|
|
DOA
55
D'Orazio & Associates
Falls Church,
Virginia
| $4K | +$5.11K | +394 | New |
|
|
GWM
56
Geneos Wealth Management
Englewood,
Colorado
| $3K | – | – | – |
|
|
LIM
57
Leavell Investment Management
Mobile,
Alabama
| – | -$172K | -12,900 | Closed |
|
|
FAAS
58
First Allied Advisory Services
San Diego,
California
| – | -$170K | -12,770 | Closed |
|
59
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$37K | -2,807 | Closed |
|
|
SSB
60
Sandy Spring Bank
Olney,
Maryland
| – | -$18K | -1,354 | Closed |
|
|
TRCT
61
Tower Research Capital (TRC)
New York
| – | -$9K | -700 | Closed |
|
62
US Bancorp
Minneapolis,
Minnesota
| – | -$7K | -500 | Closed |
|
VKI Hedge Fund Activity: Q3 2016 in Review
56 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q3 2016, worth a combined $41.9M — up 7.4% from $39M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new VKI positions and 6 closed out — a net gain of 9 holders — while 17 added to existing stakes and 10 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $2.01M. The largest seller was Advisors Asset Management, cutting an estimated $1.57M.
- 56 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q3 2016, up from 48 in Q2 2016.
- Funds reported $41.9M of Invesco Advantage Municipal Income Trust II stock for Q3 2016, up 7.4% quarter-over-quarter.
- 15 funds opened new Invesco Advantage Municipal Income Trust II positions in Q3 2016 and 6 closed out, a net change of +9 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q3 2016 was Robinson Capital Management, an estimated $2.01M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q3 2016 was Advisors Asset Management, an estimated $1.57M sold.
Based on aggregated 13F filings for Q3 2016.