Invesco Advantage Municipal Income Trust II to Issue Dividend of $0.06 (NYSEAMERICAN:VKI)

Key Points

• Invesco Advantage Municipal Income Trust II declared a dividend of $0.0559 per share with a yield of 800%, payable on August 29th to investors on record as of August 19th.
• The stock price of VKI opened at $8.39, with a 12-month range between $7.89 and $9.42, and has a 50-day moving average of $8.27.
• 27.52% of Invesco Advantage Municipal Income Trust II's stock is owned by institutional investors and hedge funds, indicating significant interest from larger financial entities.

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI - Get Free Report) announced a dividend on Saturday, August 16th, investing.com reports. Investors of record on Tuesday, August 19th will be paid a dividend of 0.0559 per share by the financial services provider on Friday, August 29th. This represents a yield of 800.0%. The ex-dividend date is Monday, August 18th.

Invesco Advantage Municipal Income Trust II Stock Performance

Shares of NYSEAMERICAN:VKI traded down $0.0350 on Thursday, hitting $8.2550. The company's stock had a trading volume of 36,913 shares, compared to its average volume of 136,514. The company has a 50-day simple moving average of $8.28 and a 200 day simple moving average of $8.45. Invesco Advantage Municipal Income Trust II has a 1 year low of $7.89 and a 1 year high of $9.42.

Institutional Trading of Invesco Advantage Municipal Income Trust II

Institutional investors and hedge funds have recently modified their holdings of the business. TPG Advisors LLC purchased a new stake in shares of Invesco Advantage Municipal Income Trust II in the 1st quarter valued at about $88,000. Elequin Capital LP purchased a new stake in shares of Invesco Advantage Municipal Income Trust II in the 1st quarter valued at about $96,000. Formidable Asset Management LLC purchased a new stake in shares of Invesco Advantage Municipal Income Trust II in the 1st quarter valued at about $109,000. Geneos Wealth Management Inc. raised its holdings in shares of 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 valued at $111,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Savant Capital LLC purchased a new stake in shares of Invesco Advantage Municipal Income Trust II in the 2nd quarter valued at about $115,000. Hedge funds and other institutional investors own 27.52% of the company's stock.

About Invesco Advantage Municipal Income Trust II

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.