Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $8.81 and traded as high as $9.08. Invesco Advantage Municipal Income Trust II shares last traded at $9.03, with a volume of 148,499 shares.

Invesco Advantage Municipal Income Trust II Stock Down 0.4%

The company’s 50 day simple moving average is $8.81 and its 200-day simple moving average is $8.48.

Invesco Advantage Municipal Income Trust II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be given a $0.0559 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Monday, November 17th.

Hedge Funds Weigh In On Invesco Advantage Municipal Income Trust II

Institutional investors have recently added to or reduced their stakes in the business. Elequin Capital LP purchased a new stake in shares of Invesco Advantage Municipal Income Trust II in the 1st quarter valued at about $96,000. TPG Advisors LLC increased its position in shares of Invesco Advantage Municipal Income Trust II by 24.3% in the second quarter. TPG Advisors LLC now owns 12,782 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 2,500 shares during the last quarter. Formidable Asset Management LLC purchased a new stake in Invesco Advantage Municipal Income Trust II in the first quarter valued at approximately $109,000. Geneos Wealth Management Inc. raised its stake in Invesco Advantage Municipal Income Trust II by 26.2% in the first quarter. Geneos Wealth Management Inc. now owns 13,017 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Savant Capital LLC bought a new stake in Invesco Advantage Municipal Income Trust II during the second quarter valued at approximately $115,000. 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.