Invesco Advantage Municipal Income Trust II
VKI
62 hedge funds and large institutions have $59.2M invested in Invesco Advantage Municipal Income Trust II in 2016 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 20 increasing their positions, 12 reducing their positions, and 11 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 12
45% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 11
42% more capital invested
Capital invested by funds: $41.9M → $59.2M (+$17.4M)
9% more funds holding
Funds holding: 57 → 62 (+5)
4.01% more ownership
Funds ownership: 7.74% → 11.75% (+4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$3.21M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$2.59M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
+$2.33M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$2.14M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.32M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$862K |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$658K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$539K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$378K |
VKI Hedge Fund Activity: Q4 2016 in Review
62 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q4 2016, worth a combined $59.2M — up 42% from $41.9M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new VKI positions and 11 closed out — a net gain of 5 holders — while 20 added to existing stakes and 12 trimmed.
The largest buyer was Robinson Capital Management, adding an estimated $3.21M. The largest seller was Doliver Advisors, cutting an estimated $1.32M.
- 62 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q4 2016, up from 57 in Q3 2016.
- Funds reported $59.2M of Invesco Advantage Municipal Income Trust II stock for Q4 2016, up 42% quarter-over-quarter.
- 16 funds opened new Invesco Advantage Municipal Income Trust II positions in Q4 2016 and 11 closed out, a net change of +5 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q4 2016 was Robinson Capital Management, an estimated $3.21M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q4 2016 was Doliver Advisors, an estimated $1.32M sold.
Based on aggregated 13F filings for Q4 2016.