Hennion & Walsh Asset Management Inc. Reduces Stock Position in Invesco Advantage Municipal Income Trust II $VKI

Hennion & Walsh Asset Management Inc. lowered its stake in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) by 55.3% during the 4th quarter, HoldingsChannel reports. The firm owned 269,226 shares of the financial services provider’s stock after selling 333,378 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Invesco Advantage Municipal Income Trust II were worth $2,455,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its position in Invesco Advantage Municipal Income Trust II by 38.2% in the third quarter. Advisors Asset Management Inc. now owns 457,502 shares of the financial services provider’s stock worth $4,012,000 after purchasing an additional 126,460 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Invesco Advantage Municipal Income Trust II by 14.7% during the 3rd quarter. Raymond James Financial Inc. now owns 148,752 shares of the financial services provider’s stock valued at $1,305,000 after purchasing an additional 19,098 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Invesco Advantage Municipal Income Trust II by 41.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 18,379 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 5,362 shares during the period. Creative Planning lifted its stake in shares of Invesco Advantage Municipal Income Trust II by 35.4% in the 3rd quarter. Creative Planning now owns 15,792 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 4,132 shares during the period. Finally, CoreCap Advisors LLC purchased a new position in shares of Invesco Advantage Municipal Income Trust II in the fourth quarter worth approximately $28,000. Institutional investors own 27.52% of the company’s stock.

Invesco Advantage Municipal Income Trust II Price Performance

Shares of VKI stock opened at $8.66 on Wednesday. Invesco Advantage Municipal Income Trust II has a 1 year low of $7.89 and a 1 year high of $9.60. The firm has a fifty day moving average price of $9.10 and a 200-day moving average price of $8.97.

Invesco Advantage Municipal Income Trust II Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a $0.0559 dividend. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date was Monday, March 16th.

Insider Buying and Selling

In other Invesco Advantage Municipal Income Trust II news, major shareholder Of America Corp /De/ Bank bought 8,531 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was purchased at an average price of $9.08 per share, for a total transaction of $77,461.48. Following the completion of the transaction, the insider owned 8,531 shares of the company’s stock, valued at $77,461.48. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.45% of the stock is currently owned by corporate insiders.

Invesco Advantage Municipal Income Trust II Company Profile

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.