Invesco Advantage Municipal Income Trust II
VKI
64 hedge funds and large institutions have $79.4M invested in Invesco Advantage Municipal Income Trust II in 2022 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 25 increasing their positions, 22 reducing their positions, and 9 closing their positions.
28% more capital invested
Capital invested by funds: $62.2M → $79.4M (+$17.2M)
14% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 22
3.49% more ownership
Funds ownership: 17.31% → 20.8% (+3.5%)
3% less funds holding
Funds holding: 66 → 64 (-2)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$6.67M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.43M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.87M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.85M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.96M |
| 2 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$919K |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$619K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$425K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$370K |
VKI Hedge Fund Activity: Q4 2022 in Review
64 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q4 2022, worth a combined $79.4M — up 28% from $62.2M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of VKI and 7 opened new positions — a net loss of 2 holders — while 22 trimmed existing stakes and 25 added.
The largest buyer was Karpus Investment Management, adding an estimated $6.67M. The largest seller was Bank of America, cutting an estimated $2.96M.
- 64 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q4 2022, down from 66 in Q3 2022.
- Funds reported $79.4M of Invesco Advantage Municipal Income Trust II stock for Q4 2022, up 28% quarter-over-quarter.
- 7 funds opened new Invesco Advantage Municipal Income Trust II positions in Q4 2022 and 9 closed out, a net change of -2 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q4 2022 was Karpus Investment Management, an estimated $6.67M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q4 2022 was Bank of America, an estimated $2.96M sold.
Based on aggregated 13F filings for Q4 2022.