Invesco Advantage Municipal Income Trust II
VKI
49 hedge funds and large institutions have $52.4M invested in Invesco Advantage Municipal Income Trust II in 2017 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 15 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 11
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.95% less ownership
Funds ownership: 12.26% → 10.31% (-2%)
12% less capital invested
Capital invested by funds: $59.3M → $52.4M (-$6.95M)
16% less funds holding
Funds holding: 58 → 49 (-9)
60% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$716K |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$687K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$370K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$278K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$183K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$2.78M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.74M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.56M |
| 4 |
LCM
Laurion Capital Management
New York
|
-$1.33M |
| 5 |
LPL Financial
San Diego,
California
|
-$909K |
VKI Hedge Fund Activity: Q2 2017 in Review
49 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q2 2017, worth a combined $52.4M — down 12% from $59.3M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of VKI and 6 opened new positions — a net loss of 9 holders — while 11 trimmed existing stakes and 17 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $716K. The largest seller was Fiera Capital (Canada), cutting an estimated $2.78M.
- 49 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q2 2017, down from 58 in Q1 2017.
- Funds reported $52.4M of Invesco Advantage Municipal Income Trust II stock for Q2 2017, down 12% quarter-over-quarter.
- 6 funds opened new Invesco Advantage Municipal Income Trust II positions in Q2 2017 and 15 closed out, a net change of -9 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q2 2017 was Susquehanna International Group, an estimated $716K added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q2 2017 was Fiera Capital (Canada), an estimated $2.78M sold.
Based on aggregated 13F filings for Q2 2017.