Invesco Advantage Municipal Income Trust II
VKI
58 hedge funds and large institutions have $68.8M invested in Invesco Advantage Municipal Income Trust II in 2018 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 11 reducing their positions, and 6 closing their positions.
82% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 11
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
27% more capital invested
Capital invested by funds: $54M → $68.8M (+$14.8M)
5% more funds holding
Funds holding: 55 → 58 (+3)
1.99% more ownership
Funds ownership: 11.47% → 13.47% (+2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$1.55M |
| 2 |
SEI Investments
Oaks,
Pennsylvania
|
+$1.55M |
| 3 |
LCM
Laurion Capital Management
New York
|
+$1.33M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.17M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.19M |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$157K |
| 3 |
BF
BOK Financial
Tulsa,
Oklahoma
|
-$138K |
| 4 |
Morgan Stanley
New York
|
-$137K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$119K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citigroup
New York
| $32K | – | – | – |
|
|
ST
52
Somerset Trust
Somerset,
Pennsylvania
| $21K | – | – | – |
|
53
Royal Bank of Canada
Toronto,
Ontario, Canada
| $16K | -$14.4K | -1,355 | -48% |
|
|
CTC
54
Central Trust Company
Jefferson City,
Missouri
| $16K | – | – | – |
|
|
WWMSC
55
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
| $13K | – | – | – |
|
|
BBHC
56
Brown Brothers Harriman & Co
New York
| $7K | +$7.41K | +700 | New |
|
|
GWM
57
Geneos Wealth Management
Englewood,
Colorado
| $3K | – | – | – |
|
58
Northern Trust
Chicago,
Illinois
| $2K | – | – | – |
|
|
BF
59
BOK Financial
Tulsa,
Oklahoma
| – | -$138K | -13,000 | Closed |
|
|
SWP
60
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$54K | -5,100 | Closed |
|
61
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$28K | -2,600 | Closed |
|
|
BBPWM
62
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| – | -$9K | -910 | Closed |
|
|
ML
63
McAdam LLC
Philadelphia,
Pennsylvania
| – | -$8K | -747 | Closed |
|
|
VFA
64
Valeo Financial Advisors
Carmel,
Indiana
| – | -$2K | -158 | Closed |
|
VKI Hedge Fund Activity: Q2 2018 in Review
58 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q2 2018, worth a combined $68.8M — up 27% from $54M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new VKI positions and 6 closed out — a net gain of 4 holders — while 20 added to existing stakes and 11 trimmed.
The largest buyer was Baird Financial Group, opening a new position worth an estimated $1.55M. The largest seller was Bank of America, cutting an estimated $1.19M.
- 58 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q2 2018, up from 55 in Q1 2018.
- Funds reported $68.8M of Invesco Advantage Municipal Income Trust II stock for Q2 2018, up 27% quarter-over-quarter.
- 10 funds opened new Invesco Advantage Municipal Income Trust II positions in Q2 2018 and 6 closed out, a net change of +4 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q2 2018 was Baird Financial Group, an estimated $1.55M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q2 2018 was Bank of America, an estimated $1.19M sold.
Based on aggregated 13F filings for Q2 2018.