Invesco Advantage Municipal Income Trust II
VKI
65 hedge funds and large institutions have $79.5M invested in Invesco Advantage Municipal Income Trust II in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
50% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 14
8% more funds holding
Funds holding: 60 → 65 (+5)
2.16% more ownership
Funds ownership: 21.97% → 24.14% (+2.2%)
3% less capital invested
Capital invested by funds: $82.1M → $79.5M (-$2.53M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.75M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.52M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$1.37M |
| 4 |
ITIM
Indiana Trust & Investment Management
Mishawaka,
Indiana
|
+$977K |
| 5 |
GA
GFS Advisors
Houston,
Texas
|
+$833K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SMC
Smith, Moore & Co
Clayton,
Missouri
|
-$803K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$587K |
| 3 |
SFWA
Summit Financial Wealth Advisors
Lafayette,
Louisiana
|
-$167K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$151K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$137K |
VKI Hedge Fund Activity: Q3 2023 in Review
65 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Invesco Advantage Municipal Income Trust II (VKI) for Q3 2023, worth a combined $79.5M — down 3.1% from $82.1M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new VKI positions and 7 closed out — a net gain of 5 holders — while 21 added to existing stakes and 14 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $2.75M. The largest seller was Smith, Moore & Co, exiting entirely with an estimated $803K sold.
- 65 institutional investors held Invesco Advantage Municipal Income Trust II (VKI) as of Q3 2023, up from 60 in Q2 2023.
- Funds reported $79.5M of Invesco Advantage Municipal Income Trust II stock for Q3 2023, down 3.1% quarter-over-quarter.
- 12 funds opened new Invesco Advantage Municipal Income Trust II positions in Q3 2023 and 7 closed out, a net change of +5 holders.
- The largest Invesco Advantage Municipal Income Trust II buyer in Q3 2023 was Rivernorth Capital Management, an estimated $2.75M added.
- The largest Invesco Advantage Municipal Income Trust II seller in Q3 2023 was Smith, Moore & Co, an estimated $803K sold.
Based on aggregated 13F filings for Q3 2023.