Invesco Advantage Municipal Income Trust II
VKI
55 hedge funds and large institutions have $54M invested in Invesco Advantage Municipal Income Trust II in 2018 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 12 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 11
0.83% more ownership
Funds ownership: 10.64% → 11.47% (+0.83%)
1% more capital invested
Capital invested by funds: $53.6M → $54M (+$356K)
4% less funds holding
Funds holding: 57 → 55 (-2)
17% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 12
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.73M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.08M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$747K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$680K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$645K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$1.47M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$735K |
| 3 |
6M
6 Meridian
Wichita,
Kansas
|
-$510K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$462K |
| 5 |
LFAS
Level Four Advisory Services
Dallas,
Texas
|
-$263K |
VKI Hedge Fund Activity: Q1 2018 in Review
55 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q1 2018, worth a combined $54M — up 0.66% from $53.6M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of VKI and 10 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 16 added.
The largest buyer was Guggenheim Capital, opening a new position worth an estimated $2.73M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $1.47M sold.
- 55 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q1 2018, down from 57 in Q4 2017.
- Funds reported $54M of Invesco Advantage Municipal Income Trust II stock for Q1 2018, up 0.66% quarter-over-quarter.
- 10 funds opened new Invesco Advantage Municipal Income Trust II positions in Q1 2018 and 12 closed out, a net change of -2 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q1 2018 was Guggenheim Capital, an estimated $2.73M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q1 2018 was Laurion Capital Management, an estimated $1.47M sold.
Based on aggregated 13F filings for Q1 2018.