HighTower Advisors LLC Makes New Investment in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI)

HighTower Advisors LLC purchased a new stake in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 52,001 shares of the financial services provider’s stock, valued at approximately $454,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FSA Wealth Management LLC acquired a new position in Invesco Advantage Municipal Income Trust II during the third quarter worth $28,000. Geneos Wealth Management Inc. increased its position in shares of Invesco Advantage Municipal Income Trust II by 37.2% in the fourth quarter. Geneos Wealth Management Inc. now owns 10,317 shares of the financial services provider’s stock valued at $90,000 after buying an additional 2,800 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Invesco Advantage Municipal Income Trust II during the 3rd quarter worth $93,000. Permanent Capital Management LP purchased a new stake in shares of Invesco Advantage Municipal Income Trust II in the 4th quarter worth about $94,000. Finally, Madison Park Capital Advisors LLC grew its stake in Invesco Advantage Municipal Income Trust II by 31.9% in the 4th quarter. Madison Park Capital Advisors LLC now owns 41,492 shares of the financial services provider’s stock valued at $363,000 after acquiring an additional 10,028 shares during the last quarter. Institutional investors and hedge funds own 27.52% of the company’s stock.

Invesco Advantage Municipal Income Trust II Stock Performance

VKI stock opened at $8.53 on Monday. The company has a 50 day moving average of $8.76. Invesco Advantage Municipal Income Trust II has a 1 year low of $8.14 and a 1 year high of $9.42.

Invesco Advantage Municipal Income Trust II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.0559 per share. The ex-dividend date is Wednesday, April 16th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 7.86%.

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.