Invesco Advantage Municipal Income Trust II
VKI
59 hedge funds and large institutions have $66.9M invested in Invesco Advantage Municipal Income Trust II in 2019 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 15 reducing their positions, and 12 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 15
10% more capital invested
Capital invested by funds: $61.1M → $66.9M (+$5.84M)
0.05% more ownership
Funds ownership: 14% → 14.05% (+0.05%)
12% less funds holding
Funds holding: 67 → 59 (-8)
58% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$3.77M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.86M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$879K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$795K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$624K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.96M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.58M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.49M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$935K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$737K |
VKI Hedge Fund Activity: Q1 2019 in Review
59 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q1 2019, worth a combined $66.9M — up 9.6% from $61.1M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of VKI and 5 opened new positions — a net loss of 7 holders — while 15 trimmed existing stakes and 20 added.
The largest buyer was JP Morgan Chase, opening a new position worth an estimated $3.77M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $2.96M sold.
- 59 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q1 2019, down from 67 in Q4 2018.
- Funds reported $66.9M of Invesco Advantage Municipal Income Trust II stock for Q1 2019, up 9.6% quarter-over-quarter.
- 5 funds opened new Invesco Advantage Municipal Income Trust II positions in Q1 2019 and 12 closed out, a net change of -7 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q1 2019 was JP Morgan Chase, an estimated $3.77M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q1 2019 was Karpus Investment Management, an estimated $2.96M sold.
Based on aggregated 13F filings for Q1 2019.