Invesco Advantage Municipal Income Trust II $VKI is LeConte Wealth Management LLC’s 7th Largest Position

LeConte Wealth Management LLC lowered its position in shares of Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) by 10.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 641,714 shares of the financial services provider’s stock after selling 77,190 shares during the quarter. Invesco Advantage Municipal Income Trust II accounts for approximately 3.8% of LeConte Wealth Management LLC’s investment portfolio, making the stock its 7th biggest holding. LeConte Wealth Management LLC’s holdings in Invesco Advantage Municipal Income Trust II were worth $5,852,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CoreCap Advisors LLC bought a new position in shares of Invesco Advantage Municipal Income Trust II in the fourth quarter valued at approximately $28,000. Alpine Global Management LLC bought a new stake in Invesco Advantage Municipal Income Trust II during the third quarter worth $395,000. Bank of America Corp DE boosted its position in Invesco Advantage Municipal Income Trust II by 13.7% in the third quarter. Bank of America Corp DE now owns 799,431 shares of the financial services provider’s stock worth $7,011,000 after purchasing an additional 96,226 shares during the last quarter. Creative Planning boosted its position in Invesco Advantage Municipal Income Trust II by 35.4% in the third 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 last quarter. Finally, Raymond James Financial Inc. grew its stake in Invesco Advantage Municipal Income Trust II by 14.7% in 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 period. Hedge funds and other institutional investors own 27.52% of the company’s stock.

Invesco Advantage Municipal Income Trust II Stock Performance

Shares of NYSEAMERICAN:VKI 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 business has a fifty day moving average price of $9.10 and a two-hundred day moving average price of $8.97.

Invesco Advantage Municipal Income Trust II Announces Dividend

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

Insiders Place Their Bets

In related news, major shareholder Of America Corp /De/ Bank purchased 8,531 shares of Invesco Advantage Municipal Income Trust II stock in a transaction that occurred on Friday, January 2nd. The stock was bought 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 in the company, valued at $77,461.48. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 6.45% of the company’s stock.

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.