Invesco Advantage Municipal Income Trust II (VKI) to Issue Monthly Dividend of $0.06 on November 30th

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) declared a monthly dividend on Monday, November 2nd. Shareholders of record on Monday, November 16th will be given a dividend of $0.0559 per share by the financial services provider on Monday, November 30th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Monday, November 16th. This is a 0.0% decrease from Invesco Advantage Municipal Income Trust II’s previous monthly dividend of $0.0559.

Invesco Advantage Municipal Income Trust II Price Performance

VKI stock opened at $8.34 on Wednesday. The company’s 50-day moving average is $8.24 and its 200-day moving average is $8.84. Invesco Advantage Municipal Income Trust II has a 1 year low of $7.25 and a 1 year high of $9.60.

Institutional Trading of Invesco Advantage Municipal Income Trust II

Institutional investors and hedge funds have recently made changes to their positions in the company. Baird Financial Group Inc. purchased a new position in shares of Invesco Advantage Municipal Income Trust II in the 2nd quarter worth about $127,000. Kestra Advisory Services LLC increased its holdings in Invesco Advantage Municipal Income Trust II by 334.8% during the first quarter. Kestra Advisory Services LLC now owns 24,492 shares of the financial services provider’s stock worth $212,000 after buying an additional 18,859 shares during the last quarter. Worth Asset Management LLC purchased a new stake in Invesco Advantage Municipal Income Trust II during the second quarter worth about $271,000. Cetera Investment Advisers increased its holdings in Invesco Advantage Municipal Income Trust II by 20.4% during the first quarter. Cetera Investment Advisers now owns 35,844 shares of the financial services provider’s stock worth $310,000 after buying an additional 6,068 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in Invesco Advantage Municipal Income Trust II by 98.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 989,489 shares of the financial services provider’s stock worth $9,380,000 after buying an additional 490,553 shares during the last quarter. Hedge funds and other institutional investors own 27.52% of the company’s stock.

About Invesco Advantage Municipal Income Trust II

Invesco Advantage Municipal Income Trust II is a closed-end management investment company listed on the NYSE American under the symbol VKI. The trust seeks to provide current income that is exempt from regular federal income tax by investing primarily in a portfolio of municipal securities issued by states, municipalities and other public-sector entities.

The fund may invest in a range of tax-exempt obligations, including general obligation and revenue bonds. Revenue from these securities is generally supported by specific projects, facilities or public services, such as transportation systems, utilities, hospitals and schools.