Ackerman Capital Advisors LLC bought a new stake in shares of Invesco Advantage Municipal Income Tr II (NYSE:VKI) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,020 shares of the financial services provider’s stock, valued at approximately $116,000.

Several other institutional investors have also made changes to their positions in the stock. Robinson Capital Management LLC raised its holdings in shares of Invesco Advantage Municipal Income Tr II by 4.2% during the second quarter. Robinson Capital Management LLC now owns 605,008 shares of the financial services provider’s stock valued at $6,988,000 after acquiring an additional 24,300 shares in the last quarter. Allegis Investment Advisors LLC raised its holdings in shares of Invesco Advantage Municipal Income Tr II by 4.7% during the second quarter. Allegis Investment Advisors LLC now owns 158,417 shares of the financial services provider’s stock valued at $1,830,000 after acquiring an additional 7,173 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Invesco Advantage Municipal Income Tr II by 13.9% during the second quarter. Van ECK Associates Corp now owns 120,137 shares of the financial services provider’s stock valued at $1,388,000 after acquiring an additional 14,616 shares in the last quarter. BB&T Securities LLC raised its holdings in shares of Invesco Advantage Municipal Income Tr II by 12.6% during the second quarter. BB&T Securities LLC now owns 56,122 shares of the financial services provider’s stock valued at $648,000 after acquiring an additional 6,258 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Invesco Advantage Municipal Income Tr II by 0.4% during the second quarter. Stifel Financial Corp now owns 38,461 shares of the financial services provider’s stock valued at $445,000 after acquiring an additional 172 shares in the last quarter.

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Shares of Invesco Advantage Municipal Income Tr II (NYSE VKI) traded down 0.09% during trading on Friday, hitting $11.51. The company had a trading volume of 84,481 shares. Invesco Advantage Municipal Income Tr II has a 52 week low of $10.68 and a 52 week high of $12.17. The stock’s 50-day moving average price is $11.68 and its 200 day moving average price is $11.52.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be paid a dividend of $0.0547 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date is Thursday, October 12th.

About Invesco Advantage Municipal Income Tr II

Invesco Advantage Municipal Income Trust II (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital. Under normal market conditions, the Trust focuses on investing in municipal securities rated investment grade at the time of investment.

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Institutional Ownership by Quarter for Invesco Advantage Municipal Income Tr II (NYSE:VKI)

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