Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Trading 0.1% Higher - Here's Why

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI - Get Free Report) shares rose 0.1% on Friday . The stock traded as high as $8.23 and last traded at $8.23. Approximately 119,426 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 149,020 shares. The stock had previously closed at $8.22.

Invesco Advantage Municipal Income Trust II Stock Up 1.7%

The company's 50 day simple moving average is $8.28 and its two-hundred day simple moving average is $8.58.

Invesco Advantage Municipal Income Trust II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be paid a $0.0559 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.67 annualized dividend and a yield of 8.01%.

Institutional Investors Weigh In On Invesco Advantage Municipal Income Trust II

Several institutional investors have recently bought and sold shares of VKI. Indiana Trust & Investment Management Co raised its holdings in shares of Invesco Advantage Municipal Income Trust II by 1.9% during the first quarter. Indiana Trust & Investment Management Co now owns 125,630 shares of the financial services provider's stock worth $1,073,000 after purchasing an additional 2,327 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Invesco Advantage Municipal Income Trust II by 26.2% during the first 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. Royal Bank of Canada raised its holdings in shares of Invesco Advantage Municipal Income Trust II by 15.9% during the first quarter. Royal Bank of Canada now owns 35,040 shares of the financial services provider's stock worth $300,000 after purchasing an additional 4,811 shares during the last quarter. Elequin Capital LP purchased a new position in shares of Invesco Advantage Municipal Income Trust II during the first quarter worth $96,000. Finally, LeConte Wealth Management LLC purchased a new position in shares of Invesco Advantage Municipal Income Trust II during the first quarter worth $6,265,000. 27.52% of the stock is currently owned by institutional investors and hedge funds.

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.