Invesco Advantage Municipal Income Trust II
VKI
52 hedge funds and large institutions have $58.8M invested in Invesco Advantage Municipal Income Trust II in 2018 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 17 increasing their positions, 14 reducing their positions, and 9 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 14
0.86% less ownership
Funds ownership: 13.47% → 12.6% (-0.86%)
10% less funds holding
Funds holding: 58 → 52 (-6)
15% less capital invested
Capital invested by funds: $68.8M → $58.8M (-$10M)
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.31M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$699K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$629K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$520K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$391K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SEI Investments
Oaks,
Pennsylvania
|
-$6.44M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.75M |
| 3 |
LCM
Laurion Capital Management
New York
|
-$1.34M |
| 4 |
6M
6 Meridian
Wichita,
Kansas
|
-$635K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$612K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWM
51
Geneos Wealth Management
Englewood,
Colorado
| $3K | – | – | – |
|
52
Northern Trust
Chicago,
Illinois
| $2K | – | – | – |
|
|
53
SEI Investments
Oaks,
Pennsylvania
| – | -$6.44M | -146,047 | Closed |
|
|
LCM
54
Laurion Capital Management
New York
| – | -$1.34M | -125,780 | Closed |
|
|
6M
55
6 Meridian
Wichita,
Kansas
| – | -$635K | -59,534 | Closed |
|
|
KIM
56
Karpus Investment Management
Pittsford,
New York
| – | -$612K | -57,271 | Closed |
|
|
DADC
57
D.A. Davidson & Co
Great Falls,
Montana
| – | -$324K | -30,436 | Closed |
|
|
RJFSA
58
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$184K | -17,233 | Closed |
|
|
DA
59
Doliver Advisors
Houston,
Texas
| – | -$134K | -12,589 | Closed |
|
|
SP
60
SWS Partners
Columbus,
Ohio
| – | -$429K | -3,868 | Closed |
|
|
WWMSC
61
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
| – | -$13K | -1,200 | Closed |
|
VKI Hedge Fund Activity: Q3 2018 in Review
52 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q3 2018, worth a combined $58.8M — down 15% from $68.8M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of VKI and 4 opened new positions — a net loss of 5 holders — while 14 trimmed existing stakes and 17 added.
The largest buyer was Fiera Capital (Canada), adding an estimated $1.31M. The largest seller was SEI Investments, exiting entirely with an estimated $6.44M sold.
- 52 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q3 2018, down from 58 in Q2 2018.
- Funds reported $58.8M of Invesco Advantage Municipal Income Trust II stock for Q3 2018, down 15% quarter-over-quarter.
- 4 funds opened new Invesco Advantage Municipal Income Trust II positions in Q3 2018 and 9 closed out, a net change of -5 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q3 2018 was Fiera Capital (Canada), an estimated $1.31M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q3 2018 was SEI Investments, an estimated $6.44M sold.
Based on aggregated 13F filings for Q3 2018.