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Invesco Advantage Municipal Income Trust II
VKI

79 hedge funds and large institutions have $109M invested in Invesco Advantage Municipal Income Trust II in 2023 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 28 increasing their positions, 13 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 7

115% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 13

36% more capital invested

Capital invested by funds: $79.5M → $109M (+$29M)

22% more funds holding

Funds holding: 65 → 79 (+14)

4.78% more ownership

Funds ownership: 24.14% → 28.91% (+4.8%)

Holders
79
Holders Change
+14
Holders Change %
+21.54%
% of All Funds
1.15%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
21
Increased
28
Reduced
13
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$3.65M
2
LSC
Logan Stone Capital
Illinois
+$1.95M
3
GC
Guggenheim Capital
Illinois
+$1.83M
4
HWAM
Hennion & Walsh Asset Management
New Jersey
+$1.33M
5
Wells Fargo
Wells Fargo
California
+$1.16M

Top Sellers

Rank Fund Capital Flow
1
GA
GFS Advisors
Texas
-$755K
2
Bank of America
Bank of America
North Carolina
-$666K
3
SIA
Sit Investment Associates
Minnesota
-$461K
4
RJA
Raymond James & Associates
Florida
-$429K
5
Invesco
Invesco
Georgia
-$273K
Name Holding Trade Value Shares
Change 		Change in
Stake
EC
51
Elequin Capital
New York
$132K +$122K +15,576 New
STA
52
Summit Trail Advisors
New York
$128K +$31.5K +4,016 +36%
AC
53
Aristides Capital
Kentucky
$127K +$118K +15,031 New
MNBTD
54
Moody National Bank Trust Division
Texas
$120K +$8.07K +1,029 +8%
DWM
55
Drive Wealth Management
Utah
$105K -$31.4K -4,008 -24%
RJFSA
56
Raymond James Financial Services Advisors
Florida
$104K -$19.5K -2,482 -17%
Commonwealth Equity Services
57
Commonwealth Equity Services
Massachusetts
$104K -$30.1K -3,839 -24%
IWC
58
Integrated Wealth Concepts
Massachusetts
$93.8K – – –
Financial Engines Advisors
59
Financial Engines Advisors
California
$90.5K +$84K +10,715 New
Northwestern Mutual Wealth Management
60
Northwestern Mutual Wealth Management
Wisconsin
$88.9K +$14.4K +1,831 +21%
EPA
61
Element Pointe Advisors
Florida
$87.3K – – –
PAG
62
Private Advisor Group
New Jersey
$86.4K +$80.2K +10,229 New
FFO
63
Fortitude Family Office
Arizona
$61.7K +$57.3K +7,300 New
TCM
64
Tradewinds Capital Management
Washington
$39.5K – – –
AWM
65
Avior Wealth Management
Nebraska
$37.3K – – –
GWSG
66
GPS Wealth Strategies Group
Colorado
$34.4K – – –
UB
67
UMB Bank
Missouri
$27.7K +$2.16K +275 +9%
US Bancorp
68
US Bancorp
Minnesota
$27K – – –
Comerica Bank
69
Comerica Bank
Texas
$25.4K – – –
FWM
70
FSA Wealth Management
Massachusetts
$25K +$23.5K +3,000 New
ASN
71
Advisory Services Network
Georgia
$19.6K +$18.2K +2,324 New
BWM
72
Baystate Wealth Management
Massachusetts
$17K +$15.8K +2,014 New
PTC
73
Private Trust Company
Ohio
$11.8K – – –
WB
74
Webster Bank
Connecticut
$7.88K – – –
JP Morgan Chase
75
JP Morgan Chase
New York
$5.65K +$5.25K +669 New
1 2
3
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VKI Hedge Fund Activity: Q4 2023 in Review

79 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q4 2023, worth a combined $109M — up 36% from $79.5M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new VKI positions and 7 closed out — a net gain of 14 holders — while 28 added to existing stakes and 13 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $3.65M. The largest seller was GFS Advisors, exiting entirely with an estimated $755K sold.

  • 79 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q4 2023, up from 65 in Q3 2023.
  • Funds reported $109M of Invesco Advantage Municipal Income Trust II stock for Q4 2023, up 36% quarter-over-quarter.
  • 21 funds opened new Invesco Advantage Municipal Income Trust II positions in Q4 2023 and 7 closed out, a net change of +14 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q4 2023 was Morgan Stanley, an estimated $3.65M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q4 2023 was GFS Advisors, an estimated $755K sold.

Based on aggregated 13F filings for Q4 2023.