Hennion & Walsh Asset Management Inc. Grows Stake in Invesco Advantage Municipal Income Trust II $VKI

Hennion & Walsh Asset Management Inc. grew its stake in shares of Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) by 98.3% in the second quarter, Holdings Channel reports. The fund owned 989,489 shares of the financial services provider’s stock after acquiring an additional 490,553 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Invesco Advantage Municipal Income Trust II were worth $9,380,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new stake in shares of Invesco Advantage Municipal Income Trust II in the 4th quarter worth approximately $51,000. J.W. Cole Advisors Inc. purchased a new position in Invesco Advantage Municipal Income Trust II in the fourth quarter valued at approximately $117,000. PNC Financial Services Group Inc. bought a new position in Invesco Advantage Municipal Income Trust II during the fourth quarter valued at $133,000. Creative Planning grew its holdings in Invesco Advantage Municipal Income Trust II by 35.4% during the third quarter. Creative Planning now owns 15,792 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 4,132 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in Invesco Advantage Municipal Income Trust II by 41.2% in the second quarter. Geneos Wealth Management Inc. now owns 18,379 shares of the financial services provider’s stock worth $154,000 after buying an additional 5,362 shares during the last quarter. 27.52% of the stock is owned by institutional investors.

Invesco Advantage Municipal Income Trust II Stock Performance

Shares of VKI opened at $9.02 on Friday. The stock’s fifty day moving average price is $9.17 and its two-hundred day moving average price is $9.05. Invesco Advantage Municipal Income Trust II has a 1 year low of $8.25 and a 1 year high of $9.60.

Invesco Advantage Municipal Income Trust II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a $0.0559 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) annualized dividend and a yield of 7.4%.

Invesco Advantage Municipal Income Trust II Profile

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN: VKI) is a closed-end management investment company that primarily seeks to provide shareholders with high after-tax total return. The fund pursues its objective by investing predominantly in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by U.S. states, municipalities and other political subdivisions.

The fund’s investment strategy emphasizes credit quality and income generation, with portfolio managers conducting in-depth credit analysis to identify opportunities across various sectors—such as transportation, education and healthcare—that offer attractive tax-exempt yields.