Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) to Issue Monthly Dividend of $0.06

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) announced a monthly dividend on Monday, November 2nd. Shareholders of record on Monday, November 16th will be paid a dividend of $0.0559 per share by the financial services provider on Monday, November 30th. This represents a $0.67 annualized dividend and a yield of 8.0%. The ex-dividend date 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

Shares of VKI stock opened at $8.35 on Tuesday. The firm has a fifty day moving average of $8.25 and a 200-day moving average of $8.85. Invesco Advantage Municipal Income Trust II has a 12-month low of $7.25 and a 12-month high of $9.60.

Hedge Funds Weigh In On Invesco Advantage Municipal Income Trust II

A number of large investors have recently added to or reduced their stakes in VKI. Baird Financial Group Inc. bought a new stake in shares of Invesco Advantage Municipal Income Trust II in the second quarter valued at about $127,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of 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 in the last quarter. Worth Asset Management LLC bought a new position in shares of Invesco Advantage Municipal Income Trust II during the second quarter worth about $271,000. Cetera Investment Advisers grew its holdings in shares of 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 in the last quarter. Finally, Kestra Advisory Services LLC raised its position in Invesco Advantage Municipal Income Trust II by 334.8% in the 1st quarter. Kestra Advisory Services LLC now owns 24,492 shares of the financial services provider’s stock valued at $212,000 after buying an additional 18,859 shares during the last quarter. Institutional investors 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-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.