Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Shares Cross Below 50 Day Moving Average - What's Next?

Key Points

• VKI shares fell below their 50-day moving average, trading as low as $8.50 before closing at $8.54. The fund’s 50-day and 200-day moving averages were $8.99 and $9.01, respectively.
• The fund declared a monthly dividend of $0.0559 per share, payable September 30 to shareholders of record on September 14; the dividend carries a reported 7.9% yield.
• Institutional investors and hedge funds own 27.52% of VKI, with several major holders—including Bank of America, Raymond James and Royal Bank of Canada—increasing their positions recently.

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI - Get Free Report) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.99 and traded as low as $8.50. Invesco Advantage Municipal Income Trust II shares last traded at $8.54, with a volume of 101,717 shares changing hands.

Invesco Advantage Municipal Income Trust II Trading Down 0.1%

The firm's 50-day moving average price is $8.99 and its 200 day moving average price is $9.01.

Invesco Advantage Municipal Income Trust II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 14th will be given a $0.0559 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) annualized dividend and a yield of 7.9%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its position 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 acquiring an additional 4,811 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Invesco Advantage Municipal Income Trust II by 12.2% during the 2nd quarter. Raymond James Financial Inc. now owns 129,654 shares of the financial services provider's stock valued at $1,085,000 after purchasing an additional 14,070 shares during the last quarter. Bank of America Corp DE increased its holdings in Invesco Advantage Municipal Income Trust II by 17.1% during the 2nd quarter. Bank of America Corp DE now owns 703,205 shares of the financial services provider's stock worth $5,886,000 after purchasing an additional 102,596 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Invesco Advantage Municipal Income Trust II by 41.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 18,379 shares of the financial services provider's stock worth $154,000 after purchasing an additional 5,362 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Invesco Advantage Municipal Income Trust II by 35.4% in the third quarter. Creative Planning now owns 15,792 shares of the financial services provider's stock worth $138,000 after purchasing an additional 4,132 shares during the last quarter. Institutional investors and hedge funds own 27.52% of the company's stock.

About Invesco Advantage Municipal Income Trust II

Invesco Advantage Municipal Income Trust II NYSEAMERICAN: VKI is a closed-end management investment company that primarily seeks to provide shareholders with high after-tax total return. The fund pursues its objective by investing predominantly in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by U.S. states, municipalities and other political subdivisions.

The fund's investment strategy emphasizes credit quality and income generation, with portfolio managers conducting in-depth credit analysis to identify opportunities across various sectors—such as transportation, education and healthcare—that offer attractive tax-exempt yields.

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