Invesco Advantage Municipal Income Trust II
VKI
64 hedge funds and large institutions have $84.5M invested in Invesco Advantage Municipal Income Trust II in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
13% more capital invested
Capital invested by funds: $74.6M → $84.5M (+$9.83M)
5% more funds holding
Funds holding: 61 → 64 (+3)
1.81% more ownership
Funds ownership: 16.36% → 18.17% (+1.8%)
16% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.37M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.17M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.13M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.05M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$974K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$726K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$564K |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$527K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$386K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$303K |
VKI Hedge Fund Activity: Q2 2020 in Review
64 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q2 2020, worth a combined $84.5M — up 13% from $74.6M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new VKI positions and 5 closed out — a net gain of 3 holders — while 16 added to existing stakes and 19 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $4.37M. The largest seller was UBS Group, cutting an estimated $726K.
- 64 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q2 2020, up from 61 in Q1 2020.
- Funds reported $84.5M of Invesco Advantage Municipal Income Trust II stock for Q2 2020, up 13% quarter-over-quarter.
- 8 funds opened new Invesco Advantage Municipal Income Trust II positions in Q2 2020 and 5 closed out, a net change of +3 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q2 2020 was Rivernorth Capital Management, an estimated $4.37M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q2 2020 was UBS Group, an estimated $726K sold.
Based on aggregated 13F filings for Q2 2020.