LeConte Wealth Management LLC Takes $6.27 Million Position in Invesco Advantage Municipal Income Trust II $VKI

Key Points

• LeConte Wealth Management LLC has purchased 733,656 shares of Invesco Advantage Municipal Income Trust II (VKI), valued at approximately $6,265,000, making it the 9th largest holding in their portfolio.
• Invesco Advantage Municipal Income Trust II has announced a dividend of $0.0559 per share, set to be paid on August 29, with an ex-dividend date of August 18, reflecting a yield of 800.0%.
• Shares of VKI opened at $8.39, and the stock has seen a 52-week trading range between $7.89 and $9.42.

LeConte Wealth Management LLC purchased a new position in shares of Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 733,656 shares of the financial services provider's stock, valued at approximately $6,265,000. Invesco Advantage Municipal Income Trust II accounts for approximately 4.0% of LeConte Wealth Management LLC's investment portfolio, making the stock its 9th biggest position.

Several other hedge funds have also recently modified their holdings of the stock. Nuveen LLC acquired a new stake in shares of Invesco Advantage Municipal Income Trust II during the first quarter worth $244,000. AlphaCore Capital LLC acquired a new stake in Invesco Advantage Municipal Income Trust II in the first quarter valued at $251,000. XTX Topco Ltd acquired a new stake in Invesco Advantage Municipal Income Trust II in the first quarter valued at $208,000. LPL Financial LLC lifted its holdings in Invesco Advantage Municipal Income Trust II by 5.5% in the first quarter. LPL Financial LLC now owns 395,656 shares of the financial services provider's stock valued at $3,379,000 after acquiring an additional 20,473 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in Invesco Advantage Municipal Income Trust II in the first quarter valued at $179,000. 27.52% of the stock is owned by institutional investors and hedge funds.

Invesco Advantage Municipal Income Trust II Price Performance

Invesco Advantage Municipal Income Trust II stock traded down $0.02 during midday trading on Wednesday, reaching $8.28. The company's stock had a trading volume of 88,564 shares, compared to its average volume of 137,191. Invesco Advantage Municipal Income Trust II has a fifty-two week low of $7.89 and a fifty-two week high of $9.42. The stock's 50 day simple moving average is $8.28 and its 200 day simple moving average is $8.45.

Invesco Advantage Municipal Income Trust II Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th will be issued a $0.0559 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a yield of 800.0%.

Invesco Advantage Municipal Income Trust II Profile

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.