Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Stock Price Breaks Below 50-Day Moving Average – Here’s What Happened

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $8.33 and traded as low as $8.20. Invesco Advantage Municipal Income Trust II shares last traded at $8.26, with a volume of 175,483 shares.

Invesco Advantage Municipal Income Trust II Stock Up 0.4%

The company’s fifty day simple moving average is $8.33 and its 200 day simple moving average is $8.79.

Invesco Advantage Municipal Income Trust II Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be given a $0.0559 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.1%. This is a boost from Invesco Advantage Municipal Income Trust II’s previous monthly dividend of $0.0559. The ex-dividend date is Wednesday, October 14th.

Hedge Funds Weigh In On Invesco Advantage Municipal Income Trust II

Institutional investors have recently added to or reduced their stakes in the business. Madison Park Capital Advisors LLC raised its holdings in shares of Invesco Advantage Municipal Income Trust II by 8.3% in the 1st quarter. Madison Park Capital Advisors LLC now owns 45,662 shares of the financial services provider’s stock valued at $395,000 after acquiring an additional 3,508 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Invesco Advantage Municipal Income Trust II by 20.4% during the 1st quarter. Cetera Investment Advisers now owns 35,844 shares of the financial services provider’s stock valued at $310,000 after acquiring an additional 6,068 shares during the last quarter. World Investment Advisors boosted its position in shares of Invesco Advantage Municipal Income Trust II by 17.7% during the 4th quarter. World Investment Advisors now owns 43,795 shares of the financial services provider’s stock valued at $399,000 after acquiring an additional 6,583 shares during the last quarter. Baird Financial Group Inc. purchased a new position in shares of Invesco Advantage Municipal Income Trust II during the second quarter worth about $127,000. Finally, Kestra Advisory Services LLC grew its holdings in shares of Invesco Advantage Municipal Income Trust II by 334.8% during the first quarter. Kestra Advisory Services LLC now owns 24,492 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 18,859 shares in the last quarter. 27.52% of the stock is currently owned by institutional investors.

About Invesco Advantage Municipal Income Trust II

Invesco Advantage Municipal Income Trust II is a closed-end management investment company listed on the NYSE American under the symbol VKI. The trust seeks to provide current income that is exempt from regular federal income tax by investing primarily in a portfolio of municipal securities issued by states, municipalities and other public-sector entities.

The fund may invest in a range of tax-exempt obligations, including general obligation and revenue bonds. Revenue from these securities is generally supported by specific projects, facilities or public services, such as transportation systems, utilities, hospitals and schools.