HighTower Advisors LLC acquired a new position in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,001 shares of the financial services provider’s stock, valued at approximately $454,000.
A number of other hedge funds have also made changes to their positions in the business. Independent Advisor Alliance acquired a new position in shares of Invesco Advantage Municipal Income Trust II during the fourth quarter worth $752,000. Permanent Capital Management LP purchased a new position in shares of Invesco Advantage Municipal Income Trust II during the 4th quarter valued at approximately $94,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco Advantage Municipal Income Trust II during the fourth quarter worth approximately $1,149,000. Robinson Capital Management LLC grew its holdings in Invesco Advantage Municipal Income Trust II by 9.9% during the 4th quarter. Robinson Capital Management LLC now owns 1,224,564 shares of the financial services provider’s stock worth $10,703,000 after acquiring an additional 110,696 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Invesco Advantage Municipal Income Trust II by 3.4% during the 4th quarter. Van ECK Associates Corp now owns 329,749 shares of the financial services provider’s stock worth $2,882,000 after acquiring an additional 10,839 shares in the last quarter. Hedge funds and other institutional investors own 27.52% of the company’s stock.
Invesco Advantage Municipal Income Trust II Trading Up 1.1 %
Shares of VKI stock opened at $8.53 on Monday. Invesco Advantage Municipal Income Trust II has a one year low of $8.14 and a one year high of $9.42. The stock’s 50-day moving average is $8.76.
Invesco Advantage Municipal Income Trust II Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.0559 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $0.67 dividend on an annualized basis and a yield of 7.86%.
About Invesco Advantage Municipal Income Trust II
(Free Report)
Invesco Advantage Municipal Income Trust II is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States.
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