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Invesco Advantage Municipal Income Trust II

64 hedge funds and large institutions have $84.5M invested in Invesco Advantage Municipal Income Trust II in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

13% more capital invested

Capital invested by funds: $74.6M → $84.5M (+$9.83M)

5% more funds holding

Funds holding: 6164 (+3)

1.81% more ownership

Funds ownership: 16.36%18.17% (+1.8%)

16% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 19

Holders
64
Holders Change
+3
Holders Change %
+4.92%
% of All Funds
1.31%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
8
Increased
16
Reduced
19
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GC
1
Guggenheim Capital
Illinois
$13.1M +$2.17M +211,952 +20%
SIA
2
Sit Investment Associates
Minnesota
$10.2M +$974K +94,902 +11%
KIM
3
Karpus Investment Management
New York
$9.6M -$14.1K -1,378 -0.1%
RCM
4
Rivernorth Capital Management
Florida
$5.69M +$4.37M +425,992 +361%
UBS Group
5
UBS Group
Switzerland
$4.23M -$726K -70,793 -15%
RJA
6
Raymond James & Associates
Florida
$3.9M -$144K -14,021 -4%
Bank of America
7
Bank of America
North Carolina
$3.85M -$564K -54,948 -13%
RCM
8
Robinson Capital Management
Michigan
$3.25M +$1.13M +110,413 +55%
Fiera Capital (Canada)
9
Fiera Capital (Canada)
Quebec, Canada
$2.73M -$527K -51,382 -16%
Morgan Stanley
10
Morgan Stanley
New York
$2.67M +$121K +11,782 +5%
MSL
11
Mackay Shields LLC
New York
$2.57M
Osaic Holdings
12
Osaic Holdings
Arizona
$2.19M -$74.8K -7,290 -3%
VanEck Associates
13
VanEck Associates
New York
$2.08M +$133K +12,930 +7%
COLIM
14
City of London Investment Management
United Kingdom
$1.74M
Baird Financial Group
15
Baird Financial Group
Wisconsin
$1.67M +$6.93K +675 +0.4%
PPA
16
Parametric Portfolio Associates
Washington
$1.48M +$1.05M +101,996 +261%
Stifel Financial
17
Stifel Financial
Missouri
$1.28M +$14.8K +1,444 +1%
CIA
18
Capital Investment Advisors
Georgia
$1.13M -$13.9K -1,357 -1%
ECG
19
Edge Capital Group
Georgia
$1.03M
Wells Fargo
20
Wells Fargo
California
$1.02M -$386K -37,623 -28%
BB
21
Busey Bank
Illinois
$902K +$103K +10,060 +13%
N
22
Nuveen
North Carolina
$809K
AA
23
AQR Arbitrage
Connecticut
$788K +$91.1K +8,882 +13%
WS
24
Wedbush Securities
California
$579K
Truist Financial
25
Truist Financial
North Carolina
$559K +$30.7K +2,988 +6%

VKI Hedge Fund Activity: Q2 2020 in Review

64 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q2 2020, worth a combined $84.5M — up 13% from $74.6M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new VKI positions and 5 closed out — a net gain of 3 holders — while 16 added to existing stakes and 19 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $4.37M. The largest seller was UBS Group, cutting an estimated $726K.

  • 64 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q2 2020, up from 61 in Q1 2020.
  • Funds reported $84.5M of Invesco Advantage Municipal Income Trust II stock for Q2 2020, up 13% quarter-over-quarter.
  • 8 funds opened new Invesco Advantage Municipal Income Trust II positions in Q2 2020 and 5 closed out, a net change of +3 holders.
  • The largest Invesco Advantage Municipal Income Trust II buyer in Q2 2020 was Rivernorth Capital Management, an estimated $4.37M added.
  • The largest Invesco Advantage Municipal Income Trust II seller in Q2 2020 was UBS Group, an estimated $726K sold.

Based on aggregated 13F filings for Q2 2020.