Invesco High Income Trust II
31 hedge funds and large institutions have $13.9M invested in Invesco High Income Trust II in 2020 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 7 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
7% more funds holding
Funds holding: 29 → 31 (+2)
1% more capital invested
Capital invested by funds: $13.8M → $13.9M (+$80K)
1.55% less ownership
Funds ownership: 17.25% → 15.7% (-1.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$1.08M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$235K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$188K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$184K |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$155K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.19M |
| 2 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$339K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$323K |
| 4 |
AUIM
Aegon USA Investment Management
Cedar Rapids,
Iowa
|
-$245K |
| 5 |
LPL Financial
San Diego,
California
|
-$129K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCA
26
Ranch Capital Advisors
Sarasota,
Florida
| $10K | – | – | – |
|
|
IAIM
27
International Assets Investment Management
Orlando,
Florida
| $10K | +$9.68K | +751 | New |
|
|
KFI
28
Key Financial Inc
West Chester,
Pennsylvania
| $6K | +$5.43K | +421 | New |
|
|
VNA
29
Valley National Advisers
Bethlehem,
Pennsylvania
| $1K | – | – | – |
|
|
AAS
30
Avantax Advisory Services
Dallas,
Texas
| – | -$339K | -27,558 | Closed |
|
|
WAM
31
Wolverine Asset Management
Chicago,
Illinois
| – | -$323K | -26,361 | Closed |
|
|
32
LPL Financial
San Diego,
California
| – | -$129K | -10,537 | Closed |
|
33
Barclays
London,
United Kingdom
| – | -$26K | -1,814 | Closed |
|
|
CSPIA
34
Cary Street Partners Investment Advisory
Richmond,
Virginia
| – | -$15K | -1,189 | Closed |
|
|
ASN
35
Advisory Services Network
Atlanta,
Georgia
| – | -$5K | -373 | Closed |
|
|
PAM
36
Panagora Asset Management
Boston,
Massachusetts
| – | -$3K | -237 | Closed |
|
37
Fifth Third Bancorp
Cincinnati,
Ohio
| – | +$64 | +5 | New |
|
VLT Hedge Fund Activity: Q4 2020 in Review
31 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Invesco High Income Trust II (VLT) for Q4 2020, worth a combined $13.9M — up 0.58% from $13.8M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new VLT positions and 7 closed out — a net gain of 2 holders — while 9 added to existing stakes and 6 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $1.08M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.19M.
- 31 institutional investors held Invesco High Income Trust II (VLT) as of Q4 2020, up from 29 in Q3 2020.
- Funds reported $13.9M of Invesco High Income Trust II stock for Q4 2020, up 0.58% quarter-over-quarter.
- 9 funds opened new Invesco High Income Trust II positions in Q4 2020 and 7 closed out, a net change of +2 holders.
- The largest Invesco High Income Trust II buyer in Q4 2020 was Saba Capital Management, an estimated $1.08M added.
- The largest Invesco High Income Trust II seller in Q4 2020 was Rivernorth Capital Management, an estimated $2.19M sold.
Based on aggregated 13F filings for Q4 2020.