Invesco Advantage Municipal Income Trust II $VKI Shares Sold by LeConte Wealth Management LLC

Key Points

• LeConte Wealth Management LLC has reduced its stake in Invesco Advantage Municipal Income Trust II (VKI) by 4.6%, now holding 700,168 shares valued at approximately $5.86 million.
• Multiple hedge funds have recently adjusted their positions in VKI, with notable new stakes from TPG Advisors LLC and Elequin Capital LP, among others.
• Invesco Advantage Municipal Income Trust II has declared a monthly dividend of $0.0559, representing a 7.7% annualized yield, payable on September 30th.

LeConte Wealth Management LLC decreased its stake in shares of Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI - Free Report) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 700,168 shares of the financial services provider's stock after selling 33,488 shares during the period. Invesco Advantage Municipal Income Trust II accounts for approximately 4.0% of LeConte Wealth Management LLC's holdings, making the stock its 8th biggest holding. LeConte Wealth Management LLC owned about 1.58% of Invesco Advantage Municipal Income Trust II worth $5,860,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in VKI. TPG Advisors LLC bought a new position in shares of Invesco Advantage Municipal Income Trust II in the first quarter worth about $88,000. Elequin Capital LP bought a new stake in shares of Invesco Advantage Municipal Income Trust II during the first quarter valued at approximately $96,000. Formidable Asset Management LLC acquired a new stake in shares of Invesco Advantage Municipal Income Trust II in the first quarter valued at approximately $109,000. Geneos Wealth Management Inc. raised its position in Invesco Advantage Municipal Income Trust II by 26.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 13,017 shares of the financial services provider's stock worth $111,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in Invesco Advantage Municipal Income Trust II in the 1st quarter worth approximately $179,000. Institutional investors own 27.52% of the company's stock.

Invesco Advantage Municipal Income Trust II Trading Down 0.7%

Shares of VKI opened at $8.69 on Thursday. The business's fifty day moving average price is $8.39 and its two-hundred day moving average price is $8.37. Invesco Advantage Municipal Income Trust II has a 52 week low of $7.89 and a 52 week high of $9.40.

Invesco Advantage Municipal Income Trust II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a $0.0559 dividend. The ex-dividend date is Tuesday, September 16th. This represents a c) annualized dividend and a yield of 7.7%.

Invesco Advantage Municipal Income Trust II Company 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.

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