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

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) declared a monthly dividend on Tuesday, September 1st. Investors of record on Monday, September 14th will be paid a dividend of 0.0559 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Monday, September 14th.

Invesco Advantage Municipal Income Trust II Trading Down 1.7%

VKI stock opened at $8.82 on Wednesday. Invesco Advantage Municipal Income Trust II has a 52 week low of $8.25 and a 52 week high of $9.60. The firm has a 50 day moving average of $9.12 and a 200 day moving average of $9.05.

Hedge Funds Weigh In On Invesco Advantage Municipal Income Trust II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Invesco Advantage Municipal Income Trust II by 98.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 989,489 shares of the financial services provider’s stock worth $9,380,000 after purchasing an additional 490,553 shares during the period. Bank of America Corp DE increased its stake in Invesco Advantage Municipal Income Trust II by 13.7% during the 3rd quarter. Bank of America Corp DE now owns 799,431 shares of the financial services provider’s stock worth $7,011,000 after buying an additional 96,226 shares in the last quarter. LPL Financial LLC raised its position in shares of Invesco Advantage Municipal Income Trust II by 11.1% in the fourth quarter. LPL Financial LLC now owns 770,787 shares of the financial services provider’s stock valued at $7,030,000 after buying an additional 76,993 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Invesco Advantage Municipal Income Trust II by 45.7% in the fourth quarter. Advisors Asset Management Inc. now owns 666,492 shares of the financial services provider’s stock valued at $6,078,000 after purchasing an additional 208,990 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Invesco Advantage Municipal Income Trust II by 7.2% during the fourth quarter. Wells Fargo & Company MN now owns 473,527 shares of the financial services provider’s stock worth $4,319,000 after purchasing an additional 32,007 shares during the period. Hedge funds and other institutional investors own 27.52% of the company’s stock.

About Invesco Advantage Municipal Income Trust II

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.