Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Trading Up 1% – Here’s What Happened

Shares of Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) traded up 1% on Tuesday . The stock traded as high as $9.08 and last traded at $9.04. 296,303 shares changed hands during mid-day trading, an increase of 70% from the average session volume of 174,363 shares. The stock had previously closed at $8.95.

Invesco Advantage Municipal Income Trust II Trading Up 1.0%

The company has a 50 day moving average price of $8.88 and a 200 day moving average price of $8.58.

Invesco Advantage Municipal Income Trust II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.0559 per share. The ex-dividend date is Tuesday, December 16th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VKI. Advisors Asset Management Inc. increased its position in shares of Invesco Advantage Municipal Income Trust II by 66.2% in the second quarter. Advisors Asset Management Inc. now owns 331,042 shares of the financial services provider’s stock valued at $2,771,000 after buying an additional 131,905 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Invesco Advantage Municipal Income Trust II by 26.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 602,604 shares of the financial services provider’s stock valued at $5,285,000 after acquiring an additional 127,491 shares in the last quarter. Bank of America Corp DE raised its position in Invesco Advantage Municipal Income Trust II by 17.1% during the second quarter. Bank of America Corp DE now owns 703,205 shares of the financial services provider’s stock worth $5,886,000 after acquiring an additional 102,596 shares during the last quarter. Alpine Global Management LLC acquired a new position in Invesco Advantage Municipal Income Trust II during the third quarter worth about $395,000. Finally, North Ground Capital lifted its holdings in shares of Invesco Advantage Municipal Income Trust II by 70.0% in the third quarter. North Ground Capital now owns 85,500 shares of the financial services provider’s stock valued at $750,000 after purchasing an additional 35,204 shares in the last quarter. 27.52% of the stock is currently owned by institutional investors and hedge funds.

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.