Key Points
- Major shareholder Of America Corp /De/ Bank purchased 8,531 shares of Invesco Advantage Municipal Income Trust II at an average price of $9.08, spending approximately $77,461.48, in a transaction disclosed in an SEC filing.
- The fund announced a monthly dividend of $0.0559 per share (ex-dividend date Jan 15, payable Jan 30), implying an annualized yield of about 7.4%.
- Shares trade near $9.09 with 50-day/200-day moving averages of $8.92/$8.64 and a one-year range of $7.89–$9.15, while institutional investors own roughly 27.5% of the stock.
Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI - Get Free Report) major shareholder Of America Corp /De/ Bank acquired 8,531 shares of the stock in a transaction dated Friday, January 2nd. The stock was acquired at an average cost of $9.08 per share, with a total value of $77,461.48. Following the transaction, the insider directly owned 8,531 shares in the company, valued at approximately $77,461.48. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Invesco Advantage Municipal Income Trust II Price Performance
Shares of NYSEAMERICAN:VKI opened at $9.09 on Tuesday. The business's 50-day moving average is $8.92 and its 200 day moving average is $8.64. Invesco Advantage Municipal Income Trust II has a 1 year low of $7.89 and a 1 year high of $9.15.
Invesco Advantage Municipal Income Trust II Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.0559 per share. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 7.4%.
Institutional Trading of Invesco Advantage Municipal Income Trust II
Large investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in shares of Invesco Advantage Municipal Income Trust II by 15.9% in the first quarter. Royal Bank of Canada now owns 35,040 shares of the financial services provider's stock worth $300,000 after buying an additional 4,811 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Invesco Advantage Municipal Income Trust II by 26.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 13,017 shares of the financial services provider's stock valued at $111,000 after acquiring an additional 2,700 shares during the period. Indiana Trust & Investment Management Co raised its stake in Invesco Advantage Municipal Income Trust II by 1.9% in the 1st quarter. Indiana Trust & Investment Management Co now owns 125,630 shares of the financial services provider's stock worth $1,073,000 after acquiring an additional 2,327 shares during the last quarter. TPG Advisors LLC lifted its position in Invesco Advantage Municipal Income Trust II by 24.3% during the 2nd quarter. TPG Advisors LLC now owns 12,782 shares of the financial services provider's stock worth $107,000 after acquiring an additional 2,500 shares during the period. Finally, River Street Advisors LLC purchased a new stake in Invesco Advantage Municipal Income Trust II during the 2nd quarter valued at about $164,000. Hedge funds and other institutional investors own 27.52% of the company's stock.
About Invesco Advantage Municipal Income Trust II
(
Get Free Report)
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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