Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Stock Price Up 1% – Should You Buy?

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI)’s stock price was up 1% during trading on Tuesday . The company traded as high as $9.08 and last traded at $9.04. Approximately 296,303 shares traded hands during trading, an increase of 70% from the average daily volume of 174,363 shares. The stock had previously closed at $8.95.

Invesco Advantage Municipal Income Trust II Stock Up 1.0%

The business has a fifty day moving average of $8.88 and a two-hundred day moving average of $8.58.

Invesco Advantage Municipal Income Trust II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.0559 per share. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Tuesday, December 16th.

Institutional Investors Weigh In On Invesco Advantage Municipal Income Trust II

Institutional investors have recently added to or reduced their stakes in the stock. TPG Advisors LLC lifted its holdings in Invesco Advantage Municipal Income Trust II by 24.3% during the second quarter. TPG Advisors LLC now owns 12,782 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 2,500 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of 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 purchasing an additional 2,700 shares during the last quarter. Savant Capital LLC purchased a new position in Invesco Advantage Municipal Income Trust II in the 2nd quarter valued at about $115,000. Moloney Securities Asset Management LLC lifted its stake in Invesco Advantage Municipal Income Trust II by 10.8% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,910 shares of the financial services provider’s stock valued at $122,000 after buying an additional 1,355 shares in the last quarter. Finally, Creative Planning boosted its holdings in Invesco Advantage Municipal Income Trust II by 35.4% in the 3rd quarter. Creative Planning now owns 15,792 shares of the financial services provider’s stock worth $138,000 after buying 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.