Invesco Advantage Municipal Income Trust II
VKI
67 hedge funds and large institutions have $61M invested in Invesco Advantage Municipal Income Trust II in 2018 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 21 increasing their positions, 13 reducing their positions, and 4 closing their positions.
375% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 4
62% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 13
29% more funds holding
Funds holding: 52 → 67 (+15)
1.4% more ownership
Funds ownership: 12.6% → 14% (+1.4%)
4% more capital invested
Capital invested by funds: $58.8M → $61M (+$2.24M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.01M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.51M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$884K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$843K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$767K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$2.59M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.27M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$703K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$617K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$379K |
VKI Hedge Fund Activity: Q4 2018 in Review
67 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q4 2018, worth a combined $61M — up 3.8% from $58.8M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new VKI positions and 4 closed out — a net gain of 15 holders — while 21 added to existing stakes and 13 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $3.01M. The largest seller was UBS Group, cutting an estimated $2.59M.
- 67 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q4 2018, up from 52 in Q3 2018.
- Funds reported $61M of Invesco Advantage Municipal Income Trust II stock for Q4 2018, up 3.8% quarter-over-quarter.
- 19 funds opened new Invesco Advantage Municipal Income Trust II positions in Q4 2018 and 4 closed out, a net change of +15 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q4 2018 was Karpus Investment Management, an estimated $3.01M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q4 2018 was UBS Group, an estimated $2.59M sold.
Based on aggregated 13F filings for Q4 2018.