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Invesco Advantage Municipal Income Trust II
VKI

55 hedge funds and large institutions have $49.5M invested in Invesco Advantage Municipal Income Trust II in 2015 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 19 increasing their positions, 4 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

375% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 4

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

10% more funds holding

Funds holding: 50 → 55 (+5)

0.61% less ownership

Funds ownership: 10.22% → 9.62% (-0.61%)

3% less capital invested

Capital invested by funds: $50.8M → $49.5M (-$1.31M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
55
Holders Change
+5
Holders Change %
+10%
% of All Funds
1.44%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
12
Increased
19
Reduced
4
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$3.21M
2
UBS Group
UBS Group
Switzerland
+$1.75M
3
GC
Guggenheim Capital
Illinois
+$790K
4
LCM
Laurion Capital Management
New York
+$762K
5
SIA
Sit Investment Associates
Minnesota
+$689K

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$5.98M
2
Bank of America
Bank of America
North Carolina
-$3.28M
3
LSA
Liberty Street Advisors
New York
-$2.24M
4
KIM
Karpus Investment Management
New York
-$641K
5
Morgan Stanley
Morgan Stanley
New York
-$273K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$6.47M +$689K +60,200 +12%
Bank of America
2
Bank of America
North Carolina
$5.89M -$3.28M -286,343 -36%
AAM
3
Advisors Asset Management
Colorado
$4.12M +$213K +18,620 +6%
KIM
4
Karpus Investment Management
New York
$3.93M -$641K -56,050 -14%
Morgan Stanley
5
Morgan Stanley
New York
$3.89M -$273K -23,892 -7%
Fiera Capital (Canada)
6
Fiera Capital (Canada)
Quebec, Canada
$3.31M +$3.21M +280,705 New
GC
7
Guggenheim Capital
Illinois
$3.26M +$790K +69,025 +33%
PPA
8
Parametric Portfolio Associates
Washington
$2.86M +$18K +1,570 +0.7%
RCM
9
Robinson Capital Management
Michigan
$2.54M +$2.47M +215,737 New
UBS Group
10
UBS Group
Switzerland
$2.04M +$1.75M +152,595 +748%
TCM
11
Tradewinds Capital Management
Washington
$1.57M +$1.61K +141 +0.1%
1832 Asset Management
12
1832 Asset Management
Ontario, Canada
$1.2M – – –
LPL Financial
13
LPL Financial
California
$1.17M +$617K +53,974 +121%
VanEck Associates
14
VanEck Associates
New York
$825K +$85.4K +7,467 +12%
LCM
15
Laurion Capital Management
New York
$785K +$762K +66,652 New
Wells Fargo
16
Wells Fargo
California
$720K +$82.6K +7,220 +13%
SG Americas Securities
17
SG Americas Securities
New York
$378K +$367K +32,125 New
EFS
18
Essex Financial Services
Connecticut
$341K – – –
WFI
19
West Family Investments
California
$333K – – –
BTS
20
BB&T Securities
Virginia
$332K +$40K +3,500 +14%
Ameriprise
21
Ameriprise
Minnesota
$297K +$23K +2,011 +9%
Fifth Third Bancorp
22
Fifth Third Bancorp
Ohio
$283K +$242K +21,185 +755%
CIA
23
Capital Investment Advisors
Georgia
$270K – – –
Creative Planning
24
Creative Planning
Kansas
$239K +$1.93K +169 +0.8%
LCM
25
Landscape Capital Management
New Jersey
$237K +$47.8K +4,175 +26%
1
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VKI Hedge Fund Activity: Q4 2015 in Review

55 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q4 2015, worth a combined $49.5M — down 2.6% from $50.8M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new VKI positions and 6 closed out — a net gain of 6 holders — while 19 added to existing stakes and 4 trimmed.

The largest buyer was Fiera Capital (Canada), opening a new position worth an estimated $3.21M. The largest seller was Mackay Shields LLC, exiting entirely with an estimated $5.98M sold.

  • 55 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q4 2015, up from 50 in Q3 2015.
  • Funds reported $49.5M of Invesco Advantage Municipal Income Trust II stock for Q4 2015, down 2.6% quarter-over-quarter.
  • 12 funds opened new Invesco Advantage Municipal Income Trust II positions in Q4 2015 and 6 closed out, a net change of +6 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q4 2015 was Fiera Capital (Canada), an estimated $3.21M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q4 2015 was Mackay Shields LLC, an estimated $5.98M sold.

Based on aggregated 13F filings for Q4 2015.