Mackay Shields LLC trimmed its holdings in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 404,961 shares of the financial services provider's stock after selling 40,047 shares during the quarter. Mackay Shields LLC's holdings in Invesco Advantage Municipal Income Trust II were worth $3,458,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its position in shares of Invesco Advantage Municipal Income Trust II by 4.6% in the fourth quarter. Bank of Montreal Can now owns 27,584 shares of the financial services provider's stock valued at $241,000 after acquiring an additional 1,224 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Invesco Advantage Municipal Income Trust II by 7.5% during the 4th quarter. Nuveen Asset Management LLC now owns 43,232 shares of the financial services provider's stock worth $378,000 after purchasing an additional 3,000 shares during the last quarter. Sit Investment Associates Inc. boosted its stake in Invesco Advantage Municipal Income Trust II by 1.6% during the 4th quarter. Sit Investment Associates Inc. now owns 639,093 shares of the financial services provider's stock worth $5,586,000 after purchasing an additional 10,000 shares during the last quarter. TPG Advisors LLC purchased a new stake in shares of Invesco Advantage Municipal Income Trust II during the first quarter worth $88,000. Finally, Permanent Capital Management LP purchased a new stake in Invesco Advantage Municipal Income Trust II during the 4th quarter valued at about $94,000. 27.52% of the stock is owned by institutional investors and hedge funds.
Invesco Advantage Municipal Income Trust II Trading Up 0.4%
VKI opened at $8.45 on Friday. Invesco Advantage Municipal Income Trust II has a one year low of $7.89 and a one year high of $9.42. The business's 50 day moving average price is $8.30 and its 200 day moving average price is $8.58.
Invesco Advantage Municipal Income Trust II Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th will be issued a $0.0559 dividend. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $0.67 annualized dividend and a dividend yield of 7.94%.
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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