World Investment Advisors grew its stake in shares of Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI - Free Report) by 47.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 157,212 shares of the financial services provider's stock after buying an additional 50,350 shares during the period. World Investment Advisors' holdings in Invesco Advantage Municipal Income Trust II were worth $1,343,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Invesco Advantage Municipal Income Trust II in the 4th quarter valued at $1,149,000. Independent Advisor Alliance acquired a new position in Invesco Advantage Municipal Income Trust II in the 4th quarter worth $752,000. HighTower Advisors LLC purchased a new position in Invesco Advantage Municipal Income Trust II in the fourth quarter valued at about $454,000. LPL Financial LLC grew its stake in Invesco Advantage Municipal Income Trust II by 1,054.8% during the 4th quarter. LPL Financial LLC now owns 375,183 shares of the financial services provider's stock valued at $3,279,000 after purchasing an additional 342,694 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Invesco Advantage Municipal Income Trust II during the 4th quarter valued at approximately $123,000. Hedge funds and other institutional investors own 27.52% of the company's stock.
Invesco Advantage Municipal Income Trust II Trading Down 0.2%
VKI traded down $0.02 during trading on Thursday, hitting $8.35. The company had a trading volume of 101,699 shares, compared to its average volume of 148,114. Invesco Advantage Municipal Income Trust II has a 1-year low of $7.89 and a 1-year high of $9.42. The business has a 50-day moving average of $8.30 and a 200-day moving average of $8.57.
Invesco Advantage Municipal Income Trust II Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th will be given a dividend of $0.0559 per share. The ex-dividend date is Wednesday, July 16th. This represents a $0.67 annualized dividend and a dividend yield of 8.03%.
About Invesco Advantage Municipal Income Trust II
(
Free Report)
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.
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