Invesco Advantage Municipal Income Trust II
VKI
59 hedge funds and large institutions have $85.7M invested in Invesco Advantage Municipal Income Trust II in 2020 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 9 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 14
5% more capital invested
Capital invested by funds: $81.8M → $85.7M (+$3.86M)
0.02% less ownership
Funds ownership: 17.03% → 17.02% (-0.02%)
8% less funds holding
Funds holding: 64 → 59 (-5)
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.52M |
| 2 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$1.06M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$960K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$607K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$599K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$6.94M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.39M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$995K |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$817K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$744K |
VKI Hedge Fund Activity: Q4 2020 in Review
59 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q4 2020, worth a combined $85.7M — up 4.7% from $81.8M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of VKI and 4 opened new positions — a net loss of 5 holders — while 14 trimmed existing stakes and 21 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $7.52M. The largest seller was Karpus Investment Management, cutting an estimated $6.94M.
- 59 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q4 2020, down from 64 in Q3 2020.
- Funds reported $85.7M of Invesco Advantage Municipal Income Trust II stock for Q4 2020, up 4.7% quarter-over-quarter.
- 4 funds opened new Invesco Advantage Municipal Income Trust II positions in Q4 2020 and 9 closed out, a net change of -5 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q4 2020 was Rivernorth Capital Management, an estimated $7.52M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q4 2020 was Karpus Investment Management, an estimated $6.94M sold.
Based on aggregated 13F filings for Q4 2020.