Mackay Shields LLC Has $3.46 Million Stock Position in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI)

Mackay Shields LLC cut its stake in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI - Free Report) by 9.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 404,961 shares of the financial services provider's stock after selling 40,047 shares during the period. Mackay Shields LLC's holdings in Invesco Advantage Municipal Income Trust II were worth $3,458,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VKI. TPG Advisors LLC acquired a new position in shares of Invesco Advantage Municipal Income Trust II during the 1st quarter worth $88,000. Permanent Capital Management LP acquired a new position in shares of Invesco Advantage Municipal Income Trust II during the 4th quarter worth $94,000. Wedbush Securities Inc. acquired a new position in shares of Invesco Advantage Municipal Income Trust II during the 4th quarter worth $112,000. Landscape Capital Management L.L.C. acquired a new position in shares of Invesco Advantage Municipal Income Trust II during the 4th quarter worth $123,000. Finally, MGO One Seven LLC acquired a new position in shares of Invesco Advantage Municipal Income Trust II during the 4th quarter worth $161,000. 27.52% of the stock is owned by institutional investors and hedge funds.

Invesco Advantage Municipal Income Trust II Price Performance

Shares of Invesco Advantage Municipal Income Trust II stock traded down $0.06 during trading on Monday, reaching $8.39. 101,280 shares of the company's stock were exchanged, compared to its average volume of 148,473. Invesco Advantage Municipal Income Trust II has a 1-year low of $7.89 and a 1-year high of $9.42. The firm's 50-day moving average price is $8.31 and its 200 day moving average price is $8.57.

Invesco Advantage Municipal Income Trust II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Wednesday, July 16th will be given a dividend of $0.0559 per share. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $0.67 dividend on an annualized basis and a yield of 8.00%.

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.