Invesco Advantage Municipal Income Trust II (VKI) to Issue Monthly Dividend of $0.06 on May 29th

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) announced a monthly dividend on Friday, May 1st. Stockholders of record on Thursday, May 14th will be given a dividend of 0.0559 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, May 14th.

Invesco Advantage Municipal Income Trust II Price Performance

Invesco Advantage Municipal Income Trust II stock opened at $9.03 on Tuesday. The firm has a fifty day simple moving average of $8.95 and a two-hundred day simple moving average of $8.99. Invesco Advantage Municipal Income Trust II has a twelve month low of $8.10 and a twelve month high of $9.60.

Insiders Place Their Bets

In other Invesco Advantage Municipal Income Trust II news, major shareholder Of America Corp /De/ Bank purchased 3,359 shares of the stock in a transaction on Thursday, April 2nd. The stock was acquired at an average cost of $8.68 per share, with a total value of $29,156.12. Following the completion of the purchase, the insider directly owned 3,359 shares of the company’s stock, valued at approximately $29,156.12. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.45% of the stock is owned by corporate insiders.

Institutional Trading of Invesco Advantage Municipal Income Trust II

Several hedge funds have recently added to or reduced their stakes in VKI. CoreCap Advisors LLC bought a new stake in Invesco Advantage Municipal Income Trust II in the fourth quarter worth $28,000. Kestra Advisory Services LLC bought a new stake in Invesco Advantage Municipal Income Trust II in the fourth quarter worth $51,000. J.W. Cole Advisors Inc. bought a new stake in Invesco Advantage Municipal Income Trust II in the fourth quarter worth $117,000. Moloney Securities Asset Management LLC increased its position in shares of Invesco Advantage Municipal Income Trust II by 10.8% in the third quarter. Moloney Securities Asset Management LLC now owns 13,910 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 1,355 shares during the period. Finally, TPG Advisors LLC increased its position in shares of Invesco Advantage Municipal Income Trust II by 11.2% in the third quarter. TPG Advisors LLC now owns 14,219 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 1,437 shares during the period. 27.52% of the stock is owned by institutional investors.

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.