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Invesco Advantage Municipal Income Trust II
VKI

59 hedge funds and large institutions have $85.7M invested in Invesco Advantage Municipal Income Trust II in 2020 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 14

5% more capital invested

Capital invested by funds: $81.8M → $85.7M (+$3.86M)

0.02% less ownership

Funds ownership: 17.03% → 17.02% (-0.02%)

8% less funds holding

Funds holding: 64 → 59 (-5)

56% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 9

Holders
59
Holders Change
-5
Holders Change %
-7.81%
% of All Funds
1.04%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
21
Reduced
14
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$7.52M
2
KAS
Kestra Advisory Services
Texas
+$1.06M
3
SIA
Sit Investment Associates
Minnesota
+$960K
4
COLIM
City of London Investment Management
United Kingdom
+$607K
5
UBS Group
UBS Group
Switzerland
+$599K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$6.94M
2
PPA
Parametric Portfolio Associates
Washington
-$1.39M
3
GC
Guggenheim Capital
Illinois
-$995K
4
N
Nuveen
North Carolina
-$817K
5
Bank of America
Bank of America
North Carolina
-$744K
Name Holding Trade Value Shares
Change 		Change in
Stake
US Bancorp
51
US Bancorp
Minnesota
$23K – – –
AWG
52
Altus Wealth Group
Colorado
$19K +$18.6K +1,685 New
OSNBOA
53
Old Second National Bank of Aurora
Illinois
$12K – – –
CTC
54
Central Trust Company
Missouri
$6K – – –
NFSG
55
Newbridge Financial Services Group
Florida
$5K – – –
GWM
56
Geneos Wealth Management
Colorado
$3K – – –
JCM
57
Jacobi Capital Management
Pennsylvania
$2K – – –
PAM
58
Panagora Asset Management
Massachusetts
$1K -$3.9K -354 -83%
N
59
Nuveen
North Carolina
– -$817K -68,796 Closed
Truist Financial
60
Truist Financial
North Carolina
– -$503K -46,510 Closed
TC
61
TownSquare Capital
Utah
– -$206K -19,054 Closed
AA
62
AQR Arbitrage
Connecticut
– -$161K -14,853 Closed
DWM
63
Dakota Wealth Management
Florida
– -$124K -11,434 Closed
JWCA
64
J.W. Cole Advisors
Florida
– -$119K -11,000 Closed
AWM
65
Adams Wealth Management
Utah
– -$25K -2,319 Closed
FFA
66
Founders Financial Alliance
North Carolina
– -$23K -2,118 Closed
PFS
67
Prospera Financial Services
Texas
– -$5K -462 Closed
Fidelity Investments
68
Fidelity Investments
Massachusetts
– +$11 +1 New
1 2
3

VKI Hedge Fund Activity: Q4 2020 in Review

59 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q4 2020, worth a combined $85.7M — up 4.7% from $81.8M 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 21 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $7.52M. The largest seller was Karpus Investment Management, cutting an estimated $6.94M.

  • 59 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q4 2020, down from 64 in Q3 2020.
  • Funds reported $85.7M of Invesco Advantage Municipal Income Trust II stock for Q4 2020, up 4.7% quarter-over-quarter.
  • 4 funds opened new Invesco Advantage Municipal Income Trust II positions in Q4 2020 and 9 closed out, a net change of -5 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q4 2020 was Rivernorth Capital Management, an estimated $7.52M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q4 2020 was Karpus Investment Management, an estimated $6.94M sold.

Based on aggregated 13F filings for Q4 2020.