Invesco Advantage Municipal Income Trust II
VKI
52 hedge funds and large institutions have $48.1M invested in Invesco Advantage Municipal Income Trust II in 2017 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 19 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
6% more funds holding
Funds holding: 49 → 52 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.86% less ownership
Funds ownership: 10.31% → 9.44% (-0.86%)
8% less capital invested
Capital invested by funds: $52.4M → $48.1M (-$4.25M)
37% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$1.4M |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$711K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$289K |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$164K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$128K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$2.62M |
| 2 |
AIA
Allegis Investment Advisors
Idaho Falls,
Idaho
|
-$1.18M |
| 3 |
Morgan Stanley
New York
|
-$1.01M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$697K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$640K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
51
Allworth Financial
Folsom,
California
| $12K | – | – | – |
|
52
US Bancorp
Minneapolis,
Minnesota
| $4K | – | – | – |
|
53
Northern Trust
Chicago,
Illinois
| $3K | -$195K | -16,675 | -43% |
|
|
GWM
54
Geneos Wealth Management
Englewood,
Colorado
| $3K | – | – | – |
|
|
FFC
55
First Financial Corp
Terre Haute,
Indiana
| – | -$17K | -1,461 | Closed |
|
|
BBPWM
56
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| – | -$11K | -910 | Closed |
|
VKI Hedge Fund Activity: Q3 2017 in Review
52 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q3 2017, worth a combined $48.1M — down 8.1% from $52.4M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new VKI positions and 2 closed out — a net gain of 4 holders — while 12 added to existing stakes and 19 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $1.4M. The largest seller was City of London Investment Management, cutting an estimated $2.62M.
- 52 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q3 2017, up from 49 in Q2 2017.
- Funds reported $48.1M of Invesco Advantage Municipal Income Trust II stock for Q3 2017, down 8.1% quarter-over-quarter.
- 6 funds opened new Invesco Advantage Municipal Income Trust II positions in Q3 2017 and 2 closed out, a net change of +4 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q3 2017 was Laurion Capital Management, an estimated $1.4M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q3 2017 was City of London Investment Management, an estimated $2.62M sold.
Based on aggregated 13F filings for Q3 2017.