Insider Buying: Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Major Shareholder Acquires $29,156.12 in Stock

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

Invesco Advantage Municipal Income Trust II Stock Up 2.4%

NYSEAMERICAN VKI opened at $9.06 on Thursday. Invesco Advantage Municipal Income Trust II has a twelve month low of $7.89 and a twelve month high of $9.60. The stock has a 50-day moving average of $9.08 and a 200 day moving average of $8.97.

Invesco Advantage Municipal Income Trust II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 14th will be issued a $0.0559 dividend. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

Hedge Funds Weigh In On Invesco Advantage Municipal Income Trust II

A number of large investors have recently bought and sold shares of the business. World Investment Advisors raised its holdings in Invesco Advantage Municipal Income Trust II by 17.7% in the 4th 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 period. Alpine Global Management LLC raised its holdings in Invesco Advantage Municipal Income Trust II by 2.8% in the 4th quarter. Alpine Global Management LLC now owns 46,240 shares of the financial services provider’s stock worth $422,000 after purchasing an additional 1,240 shares during the period. Royal Bank of Canada raised its holdings in Invesco Advantage Municipal Income Trust II by 12.0% in the 4th quarter. Royal Bank of Canada now owns 47,530 shares of the financial services provider’s stock worth $434,000 after purchasing an additional 5,086 shares during the period. Kestra Advisory Services LLC acquired a new position in Invesco Advantage Municipal Income Trust II in the 4th quarter worth about $51,000. Finally, Van ECK Associates Corp raised its holdings in Invesco Advantage Municipal Income Trust II by 10.1% in the 4th quarter. Van ECK Associates Corp now owns 252,937 shares of the financial services provider’s stock worth $2,307,000 after purchasing an additional 23,307 shares during the period. Institutional investors and hedge funds own 27.52% of the company’s stock.

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.