Invesco Advantage Municipal Income Trust II
VKI
58 hedge funds and large institutions have $59.3M invested in Invesco Advantage Municipal Income Trust II in 2017 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 9 reducing their positions, and 10 closing their positions.
156% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 9
3% more capital invested
Capital invested by funds: $57.6M → $59.3M (+$1.75M)
0.51% more ownership
Funds ownership: 11.75% → 12.26% (+0.51%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 62 → 58 (-4)
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.6M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$1.33M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.15M |
| 4 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$925K |
| 5 |
AIA
Allegis Investment Advisors
Idaho Falls,
Idaho
|
+$430K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.17M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$897K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$858K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$728K |
| 5 |
FPF
FNY Partners Fund
New York
|
-$476K |
VKI Hedge Fund Activity: Q1 2017 in Review
58 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q1 2017, worth a combined $59.3M — up 3% from $57.6M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of VKI and 8 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 23 added.
The largest buyer was Robinson Capital Management, adding an estimated $1.6M. The largest seller was Bank of America, cutting an estimated $1.17M.
- 58 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q1 2017, down from 62 in Q4 2016.
- Funds reported $59.3M of Invesco Advantage Municipal Income Trust II stock for Q1 2017, up 3% quarter-over-quarter.
- 8 funds opened new Invesco Advantage Municipal Income Trust II positions in Q1 2017 and 10 closed out, a net change of -2 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q1 2017 was Robinson Capital Management, an estimated $1.6M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q1 2017 was Bank of America, an estimated $1.17M sold.
Based on aggregated 13F filings for Q1 2017.