Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) to Issue Monthly Dividend of $0.03

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI - Get Free Report) declared a monthly dividend on Wednesday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 16th will be given a dividend of 0.0349 per share by the financial services provider on Tuesday, April 30th. This represents a $0.42 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend is Monday, April 15th.

Invesco Advantage Municipal Income Trust II Trading Down 0.5 %

Invesco Advantage Municipal Income Trust II stock traded down $0.04 during mid-day trading on Wednesday, hitting $8.36. The company had a trading volume of 113,314 shares, compared to its average volume of 113,117. Invesco Advantage Municipal Income Trust II has a 1 year low of $7.07 and a 1 year high of $8.94.

Institutional Trading of Invesco Advantage Municipal Income Trust II

A number of institutional investors and hedge funds have recently made changes to their positions in VKI. Nomura Holdings Inc. acquired a new position in Invesco Advantage Municipal Income Trust II in the 1st quarter worth $89,000. Creative Planning purchased a new position in Invesco Advantage Municipal Income Trust II in the second quarter valued at about $105,000. Integrated Wealth Concepts LLC grew its stake in Invesco Advantage Municipal Income Trust II by 18.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 13,100 shares of the financial services provider's stock valued at $137,000 after purchasing an additional 2,000 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Invesco Advantage Municipal Income Trust II during the 3rd quarter worth approximately $114,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Invesco Advantage Municipal Income Trust II by 13.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 17,625 shares of the financial services provider's stock valued at $151,000 after purchasing an additional 2,071 shares in the last quarter. 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.