Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Trading 0.1% Higher - What's Next?

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

Invesco Advantage Municipal Income Trust II Stock Up 0.1%

The business has a fifty day moving average of $8.28 and a two-hundred day moving average of $8.58.

Invesco Advantage Municipal Income Trust II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.0559 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.15%. The ex-dividend date is Tuesday, June 17th.

Institutional Investors Weigh In On Invesco Advantage Municipal Income Trust II

Several hedge funds have recently made changes to their positions in VKI. TPG Advisors LLC acquired a new position in shares of Invesco Advantage Municipal Income Trust II in the 1st quarter valued at $88,000. Permanent Capital Management LP acquired a new position in Invesco Advantage Municipal Income Trust II in the fourth quarter valued at $94,000. Elequin Capital LP acquired a new position in Invesco Advantage Municipal Income Trust II in the first quarter valued at $96,000. Formidable Asset Management LLC acquired a new position in Invesco Advantage Municipal Income Trust II in the first quarter valued at $109,000. Finally, Geneos Wealth Management Inc. lifted its stake 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 purchasing an additional 2,700 shares in the last quarter. Institutional investors and hedge funds own 27.52% of the company's stock.

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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