Invesco Advantage Municipal Income Trust II to Issue Monthly Dividend of $0.06 (NYSEAMERICAN:VKI)

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) announced a monthly dividend on Monday, November 3rd. Stockholders of record on Monday, November 17th will be paid a dividend of 0.0559 per share by the financial services provider on Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Monday, November 17th.

Invesco Advantage Municipal Income Trust II Stock Performance

NYSEAMERICAN VKI traded up $0.02 on Tuesday, reaching $8.95. The company had a trading volume of 55,106 shares, compared to its average volume of 145,109. Invesco Advantage Municipal Income Trust II has a 12 month low of $7.89 and a 12 month high of $9.29. The firm’s 50 day moving average price is $8.71 and its 200 day moving average price is $8.44.

Hedge Funds Weigh In On Invesco Advantage Municipal Income Trust II

Several hedge funds have recently added to or reduced their stakes in VKI. World Investment Advisors boosted its position in Invesco Advantage Municipal Income Trust II by 47.1% in the 1st quarter. World Investment Advisors now owns 157,212 shares of the financial services provider’s stock valued at $1,343,000 after buying an additional 50,350 shares during the period. Formidable Asset Management LLC acquired a new stake in Invesco Advantage Municipal Income Trust II in the first quarter valued at approximately $109,000. Cetera Investment Advisers acquired a new stake in Invesco Advantage Municipal Income Trust II in the first quarter valued at approximately $179,000. LPL Financial LLC boosted its stake in Invesco Advantage Municipal Income Trust II by 5.5% in the first quarter. LPL Financial LLC now owns 395,656 shares of the financial services provider’s stock valued at $3,379,000 after acquiring an additional 20,473 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Invesco Advantage Municipal Income Trust II in the first quarter worth $208,000. 27.52% of the stock is currently owned by institutional investors.

Invesco Advantage Municipal Income Trust II Company Profile

Invesco Advantage Municipal Income Trust II is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States.