Invesco Advantage Municipal Income Trust II
VKI
56 hedge funds and large institutions have $67.9M invested in Invesco Advantage Municipal Income Trust II in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 12 reducing their positions, and 9 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 12
1% more capital invested
Capital invested by funds: $66.9M → $67.9M (+$983K)
0.12% less ownership
Funds ownership: 14.05% → 13.93% (-0.12%)
5% less funds holding
Funds holding: 59 → 56 (-3)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.37M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1,000K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$911K |
| 4 |
WS
Wedbush Securities
Los Angeles,
California
|
+$521K |
| 5 |
6M
6 Meridian
Wichita,
Kansas
|
+$448K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$3.84M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.8M |
| 3 |
TCM
Tradewinds Capital Management
Bellingham,
Washington
|
-$664K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$246K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$136K |
VKI Hedge Fund Activity: Q2 2019 in Review
56 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q2 2019, worth a combined $67.9M — up 1.5% from $66.9M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of VKI and 6 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 20 added.
The largest buyer was Robinson Capital Management, adding an estimated $1.37M. The largest seller was JP Morgan Chase, exiting entirely with an estimated $3.84M sold.
- 56 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q2 2019, down from 59 in Q1 2019.
- Funds reported $67.9M of Invesco Advantage Municipal Income Trust II stock for Q2 2019, up 1.5% quarter-over-quarter.
- 6 funds opened new Invesco Advantage Municipal Income Trust II positions in Q2 2019 and 9 closed out, a net change of -3 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q2 2019 was Robinson Capital Management, an estimated $1.37M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q2 2019 was JP Morgan Chase, an estimated $3.84M sold.
Based on aggregated 13F filings for Q2 2019.