Smith Moore & CO. Buys 39,132 Shares of Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI)

Smith Moore & CO. boosted its position in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) by 50.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,150 shares of the financial services provider’s stock after buying an additional 39,132 shares during the period. Smith Moore & CO.’s holdings in Invesco Advantage Municipal Income Trust II were worth $1,015,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in VKI. Geneos Wealth Management Inc. lifted its holdings in shares of Invesco Advantage Municipal Income Trust II by 37.2% in the fourth quarter. Geneos Wealth Management Inc. now owns 10,317 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 2,800 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Invesco Advantage Municipal Income Trust II in the third quarter valued at approximately $93,000. Permanent Capital Management LP purchased a new position in shares of Invesco Advantage Municipal Income Trust II during the 4th quarter valued at $94,000. Landscape Capital Management L.L.C. bought a new position in Invesco Advantage Municipal Income Trust II during the fourth quarter worth about $123,000. Finally, Madison Park Capital Advisors LLC boosted its holdings in Invesco Advantage Municipal Income Trust II by 31.9% in the 4th quarter. Madison Park Capital Advisors LLC now owns 41,492 shares of the financial services provider’s stock worth $363,000 after buying an additional 10,028 shares during the period. 27.52% of the stock is owned by institutional investors and hedge funds.

Invesco Advantage Municipal Income Trust II Price Performance

Shares of NYSEAMERICAN VKI opened at $8.52 on Friday. Invesco Advantage Municipal Income Trust II has a fifty-two week low of $8.14 and a fifty-two week high of $9.42. The company has a fifty day moving average of $8.77.

Invesco Advantage Municipal Income Trust II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.0559 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 7.87%.

About Invesco Advantage Municipal Income Trust II

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.