Invesco Advantage Municipal Income Trust II $VKI Shares Sold by Mackay Shields LLC

Mackay Shields LLC cut its position in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) by 73.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 105,768 shares of the financial services provider’s stock after selling 299,193 shares during the period. Mackay Shields LLC’s holdings in Invesco Advantage Municipal Income Trust II were worth $965,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of VKI. Royal Bank of Canada increased its holdings in shares of Invesco Advantage Municipal Income Trust II by 15.9% in the first quarter. Royal Bank of Canada now owns 35,040 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 4,811 shares during the period. Raymond James Financial Inc. grew its holdings in Invesco Advantage Municipal Income Trust II by 12.2% during the second quarter. Raymond James Financial Inc. now owns 129,654 shares of the financial services provider’s stock worth $1,085,000 after acquiring an additional 14,070 shares during the period. Bank of America Corp DE grew its holdings 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 period. Geneos Wealth Management Inc. grew its holdings in Invesco Advantage Municipal Income Trust II by 41.2% during the second quarter. Geneos Wealth Management Inc. now owns 18,379 shares of the financial services provider’s stock worth $154,000 after acquiring an additional 5,362 shares during the period. Finally, LeConte Wealth Management LLC grew its holdings in Invesco Advantage Municipal Income Trust II by 2.7% during the third quarter. LeConte Wealth Management LLC now owns 718,904 shares of the financial services provider’s stock worth $6,305,000 after acquiring an additional 18,736 shares during the period. 27.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Of America Corp /De/ Bank bought 3,359 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were purchased at an average cost of $8.68 per share, with a total value of $29,156.12. Following the completion of the acquisition, the insider directly owned 3,359 shares in the company, valued at approximately $29,156.12. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.45% of the stock is currently owned by company insiders.

Invesco Advantage Municipal Income Trust II Price Performance

Invesco Advantage Municipal Income Trust II stock opened at $8.75 on Friday. Invesco Advantage Municipal Income Trust II has a 52 week low of $8.10 and a 52 week high of $9.60. The business’s 50-day moving average price is $9.04 and its 200 day moving average price is $8.98.

Invesco Advantage Municipal Income Trust II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 14th will be issued a dividend of $0.0559 per share. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Tuesday, April 14th.

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.