Invesco Advantage Municipal Income Trust II Declares 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) declared a dividend on Saturday, August 16th, investing.com reports. Investors of record on Tuesday, August 19th will be given 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 of this dividend is Monday, August 18th.

Invesco Advantage Municipal Income Trust II Stock Performance

VKI stock opened at $8.39 on Friday. Invesco Advantage Municipal Income Trust II has a twelve month low of $7.89 and a twelve month high of $9.42. The business has a 50 day moving average price of $8.27 and a two-hundred day moving average price of $8.46.

Hedge Funds Weigh In On Invesco Advantage Municipal Income Trust II

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TPG Advisors LLC acquired a new position in Invesco Advantage Municipal Income Trust II in the 1st quarter valued at $88,000. Elequin Capital LP acquired a new position in shares of Invesco Advantage Municipal Income Trust II during the 1st quarter worth $96,000. Formidable Asset Management LLC bought a new stake in Invesco Advantage Municipal Income Trust II during the 1st quarter worth $109,000. Geneos Wealth Management Inc. grew its position in Invesco Advantage Municipal Income Trust II by 26.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 13,017 shares of the financial services provider's stock worth $111,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Savant Capital LLC bought a new stake in Invesco Advantage Municipal Income Trust II during the 2nd quarter worth $115,000. 27.52% of the stock is owned by institutional investors and hedge funds.

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.

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