Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Major Shareholder Of America Corp /De/ Bank Buys 3,359 Shares of Stock

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) major shareholder Of America Corp /De/ Bank bought 3,359 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were bought at an average price of $8.68 per share, with a total value of $29,156.12. Following the completion of the acquisition, the insider directly owned 3,359 shares in the company, valued at $29,156.12. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Invesco Advantage Municipal Income Trust II Stock Performance

Shares of VKI stock opened at $8.75 on Tuesday. Invesco Advantage Municipal Income Trust II has a 1-year low of $7.89 and a 1-year high of $9.60. The business has a 50-day moving average of $9.08 and a 200 day moving average of $8.97.

Invesco Advantage Municipal Income Trust II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 14th will be issued a dividend of $0.0559 per share. The ex-dividend date is Tuesday, April 14th. This represents a c) annualized dividend and a yield of 7.7%.

Institutional Investors Weigh In On Invesco Advantage Municipal Income Trust II

Several institutional investors have recently bought and sold shares of the stock. World Investment Advisors grew its stake in shares of Invesco Advantage Municipal Income Trust II by 17.7% in the fourth quarter. World Investment Advisors now owns 43,795 shares of the financial services provider’s stock worth $399,000 after purchasing an additional 6,583 shares during the last quarter. Alpine Global Management LLC raised its position in Invesco Advantage Municipal Income Trust II by 2.8% during the 4th quarter. Alpine Global Management LLC now owns 46,240 shares of the financial services provider’s stock valued at $422,000 after purchasing an additional 1,240 shares during the last quarter. Royal Bank of Canada raised its position in Invesco Advantage Municipal Income Trust II by 12.0% during the 4th quarter. Royal Bank of Canada now owns 47,530 shares of the financial services provider’s stock valued at $434,000 after purchasing an additional 5,086 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Invesco Advantage Municipal Income Trust II during the 4th quarter valued at approximately $51,000. Finally, Van ECK Associates Corp raised its position in Invesco Advantage Municipal Income Trust II by 10.1% during the 4th quarter. Van ECK Associates Corp now owns 252,937 shares of the financial services provider’s stock valued at $2,307,000 after purchasing an additional 23,307 shares during the last quarter. 27.52% of the stock is currently owned by hedge funds and other institutional investors.

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.