Sit Investment Associates Inc. Sells 68,243 Shares of Invesco Advantage Municipal Income Trust II $VKI

Sit Investment Associates Inc. trimmed its position in shares of Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) by 11.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 540,071 shares of the financial services provider’s stock after selling 68,243 shares during the quarter. Sit Investment Associates Inc. owned 1.22% of Invesco Advantage Municipal Income Trust II worth $4,925,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VKI. CoreCap Advisors LLC acquired a new stake in Invesco Advantage Municipal Income Trust II in the 4th quarter valued at $28,000. Kestra Advisory Services LLC acquired a new position in Invesco Advantage Municipal Income Trust II during the fourth quarter worth $51,000. J.W. Cole Advisors Inc. bought a new position in shares of Invesco Advantage Municipal Income Trust II in the fourth quarter valued at $117,000. PNC Financial Services Group Inc. bought a new position in shares of Invesco Advantage Municipal Income Trust II in the fourth quarter valued at $133,000. Finally, Creative Planning grew its holdings in shares of 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 buying an additional 4,132 shares during the last quarter. 27.52% of the stock is currently owned by institutional investors.

Invesco Advantage Municipal Income Trust II Price Performance

NYSEAMERICAN:VKI opened at $9.24 on Friday. The firm has a 50-day moving average of $8.92 and a 200-day moving average of $9.00. Invesco Advantage Municipal Income Trust II has a one year low of $8.12 and a one year high of $9.60.

Invesco Advantage Municipal Income Trust II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.0559 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 7.3%.

Insider Transactions at Invesco Advantage Municipal Income Trust II

In related news, major shareholder Of America Corp /De/ Bank acquired 3,359 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was purchased at an average cost of $8.68 per share, with a total value of $29,156.12. Following the acquisition, the insider owned 3,359 shares of the company’s stock, valued at approximately $29,156.12. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.45% of the company’s stock.

Invesco Advantage Municipal Income Trust II Company 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.