Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Increases Dividend to $0.06 Per Share

by · The Markets Daily

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI – Get Free Report) announced a monthly dividend on Thursday, October 1st. Investors of record on Wednesday, October 14th will be paid a dividend of $0.0559 per share by the financial services provider on Friday, October 30th. This represents a $0.67 annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Wednesday, October 14th. This is a 0.0% increase from Invesco Advantage Municipal Income Trust II’s previous monthly dividend of $0.0559.

Invesco Advantage Municipal Income Trust II Price Performance

NYSEAMERICAN VKI opened at $7.47 on Friday. The business has a fifty day moving average price of $8.65 and a 200 day moving average price of $8.88. Invesco Advantage Municipal Income Trust II has a one year low of $7.25 and a one year high of $9.60.

Hedge Funds Weigh In On Invesco Advantage Municipal Income Trust II

Several hedge funds and other institutional investors have recently modified their holdings of the business. Baird Financial Group Inc. purchased a new stake in Invesco Advantage Municipal Income Trust II during the 2nd quarter valued at about $127,000. Kestra Advisory Services LLC lifted its stake in Invesco Advantage Municipal Income Trust II by 334.8% in the 1st quarter. Kestra Advisory Services LLC now owns 24,492 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 18,859 shares in the last quarter. Worth Asset Management LLC acquired a new position in shares of Invesco Advantage Municipal Income Trust II during the 2nd quarter worth approximately $271,000. Cetera Investment Advisers boosted its holdings in shares of Invesco Advantage Municipal Income Trust II by 20.4% during the 1st quarter. Cetera Investment Advisers now owns 35,844 shares of the financial services provider’s stock worth $310,000 after purchasing an additional 6,068 shares during the last quarter. Finally, Madison Park Capital Advisors LLC grew its position in shares of Invesco Advantage Municipal Income Trust II by 8.3% in the first quarter. Madison Park Capital Advisors LLC now owns 45,662 shares of the financial services provider’s stock valued at $395,000 after purchasing an additional 3,508 shares in the last quarter. 27.52% of the stock is owned by hedge funds and other institutional investors.

About Invesco Advantage Municipal Income Trust II

(Get Free Report)

Invesco Advantage Municipal Income Trust II (NYSE American: VKI) is a diversified, closed-end management investment company. The trust seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in municipal securities issued by states, municipalities and other governmental entities.

Its portfolio may include a range of tax-exempt bonds and other municipal debt instruments used to finance public infrastructure and services, such as transportation, education, utilities and healthcare.

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