Mackay Shields LLC decreased its position in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI - Free Report) by 73.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,768 shares of the financial services provider's stock after selling 299,193 shares during the quarter. Mackay Shields LLC owned 0.24% of Invesco Advantage Municipal Income Trust II worth $965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in VKI. Bank of America Corp DE increased its position in shares of Invesco Advantage Municipal Income Trust II by 13.7% during the 3rd quarter. Bank of America Corp DE now owns 799,431 shares of the financial services provider's stock valued at $7,011,000 after purchasing an additional 96,226 shares during the last quarter. LeConte Wealth Management LLC increased its position in shares of Invesco Advantage Municipal Income Trust II by 2.7% during the 3rd quarter. LeConte Wealth Management LLC now owns 718,904 shares of the financial services provider's stock valued at $6,305,000 after purchasing an additional 18,736 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Invesco Advantage Municipal Income Trust II by 26.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 602,604 shares of the financial services provider's stock valued at $5,285,000 after purchasing an additional 127,491 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Invesco Advantage Municipal Income Trust II by 38.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 457,502 shares of the financial services provider's stock valued at $4,012,000 after acquiring an additional 126,460 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in Invesco Advantage Municipal Income Trust II by 14.7% during the 3rd quarter. Raymond James Financial Inc. now owns 148,752 shares of the financial services provider's stock valued at $1,305,000 after acquiring an additional 19,098 shares during the period. Institutional investors own 27.52% of the company's stock.
Insider Activity at Invesco Advantage Municipal Income Trust II
In related news, major shareholder Of America Corp /De/ Bank purchased 3,359 shares of Invesco Advantage Municipal Income Trust II stock in a transaction dated Thursday, April 2nd. The stock was purchased at an average cost of $8.68 per share, with a total value of $29,156.12. Following the transaction, the insider owned 3,359 shares in the company, valued at approximately $29,156.12. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.45% of the company's stock.
Invesco Advantage Municipal Income Trust II Stock Performance
VKI opened at $8.75 on Friday. Invesco Advantage Municipal Income Trust II has a 52-week low of $8.10 and a 52-week high of $9.60. The business has a fifty day moving average of $9.04 and a 200 day moving average of $8.98.
Invesco Advantage Municipal Income Trust II Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 14th will be given a $0.0559 dividend. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Tuesday, April 14th.
About Invesco Advantage Municipal Income Trust II
(
Free Report)
Invesco Advantage Municipal Income Trust II NYSEAMERICAN: VKI is a closed-end management investment company that primarily seeks to provide shareholders with high after-tax total return. The fund pursues its objective by investing predominantly in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by U.S. states, municipalities and other political subdivisions.
The fund's investment strategy emphasizes credit quality and income generation, with portfolio managers conducting in-depth credit analysis to identify opportunities across various sectors—such as transportation, education and healthcare—that offer attractive tax-exempt yields.
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Want to see what other hedge funds are holding VKI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI - Free Report).
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