Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI – Get Free Report) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 80,269 shares, a decrease of 70.2% from the January 15th total of 269,504 shares. Based on an average daily trading volume, of 166,693 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 166,693 shares, the short-interest ratio is presently 0.5 days.
Insider Activity at Invesco Advantage Municipal Income Trust II
In other news, major shareholder Of America Corp /De/ Bank purchased 8,531 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was bought at an average price of $9.08 per share, for a total transaction of $77,461.48. Following the purchase, the insider owned 8,531 shares of the company’s stock, valued at $77,461.48. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.45% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Invesco Advantage Municipal Income Trust II
Institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. grew 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 purchasing an additional 131,905 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Invesco Advantage Municipal Income Trust II by 26.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 602,604 shares of the financial services provider’s stock worth $5,285,000 after purchasing an additional 127,491 shares during the period. Whipplewood Advisors LLC boosted its stake in Invesco Advantage Municipal Income Trust II by 42.4% in the 2nd quarter. Whipplewood Advisors LLC now owns 108,811 shares of the financial services provider’s stock worth $911,000 after purchasing an additional 32,407 shares during the period. Atria Wealth Solutions Inc. purchased a new position in Invesco Advantage Municipal Income Trust II during the 2nd quarter valued at about $197,000. Finally, Savant Capital LLC bought a new stake in shares of Invesco Advantage Municipal Income Trust II during the second quarter valued at about $115,000. Hedge funds and other institutional investors own 27.52% of the company’s stock.
Invesco Advantage Municipal Income Trust II Trading Up 0.5%
Invesco Advantage Municipal Income Trust II Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be paid a $0.0559 dividend. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Tuesday, February 17th.
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.
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