Independent Advisor Alliance Makes New $752,000 Investment in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI)

Independent Advisor Alliance acquired a new stake in shares of Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) during the 4th quarter, Holdings Channel.com reports. The firm acquired 86,032 shares of the financial services provider’s stock, valued at approximately $752,000.

Several other institutional investors and hedge funds have also modified their holdings of VKI. Robinson Capital Management LLC boosted its position 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 during the last quarter. Van ECK Associates Corp lifted its position in shares of Invesco Advantage Municipal Income Trust II by 3.4% in the fourth quarter. Van ECK Associates Corp now owns 329,749 shares of the financial services provider’s stock worth $2,882,000 after purchasing an additional 10,839 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Invesco Advantage Municipal Income Trust II by 65.3% during the third quarter. Advisors Asset Management Inc. now owns 204,041 shares of the financial services provider’s stock worth $1,900,000 after purchasing an additional 80,607 shares during the last quarter. Stifel Financial Corp grew its position in Invesco Advantage Municipal Income Trust II by 58.4% in the third quarter. Stifel Financial Corp now owns 154,291 shares of the financial services provider’s stock valued at $1,436,000 after purchasing an additional 56,874 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Invesco Advantage Municipal Income Trust II in the fourth quarter valued at $1,149,000. 27.52% of the stock is currently owned by institutional investors and hedge funds.

Invesco Advantage Municipal Income Trust II Trading Up 0.2 %

Shares of NYSEAMERICAN:VKI opened at $8.70 on Friday. The business’s 50-day simple moving average is $8.77. Invesco Advantage Municipal Income Trust II has a one year low of $8.14 and a one year high of $9.42.

Invesco Advantage Municipal Income Trust II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.0559 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.67 annualized dividend and a yield of 7.71%.

Invesco Advantage Municipal Income Trust II Profile

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.