Smith Moore & CO. Purchases 39,132 Shares of Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI)

Smith Moore & CO. lifted its position in shares of Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) by 50.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,150 shares of the financial services provider’s stock after purchasing an additional 39,132 shares during the period. Smith Moore & CO.’s holdings in Invesco Advantage Municipal Income Trust II were worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in VKI. Landscape Capital Management L.L.C. acquired a new position in shares of Invesco Advantage Municipal Income Trust II during the fourth quarter worth $123,000. LPL Financial LLC lifted its holdings in Invesco Advantage Municipal Income Trust II by 1,054.8% during the 4th quarter. LPL Financial LLC now owns 375,183 shares of the financial services provider’s stock worth $3,279,000 after buying an additional 342,694 shares during the period. HighTower Advisors LLC acquired a new position in Invesco Advantage Municipal Income Trust II during the 4th quarter worth about $454,000. Independent Advisor Alliance bought a new stake in shares of Invesco Advantage Municipal Income Trust II in the 4th quarter valued at about $752,000. Finally, Permanent Capital Management LP acquired a new stake in shares of Invesco Advantage Municipal Income Trust II in the fourth quarter valued at about $94,000. Institutional investors and hedge funds own 27.52% of the company’s stock.

Invesco Advantage Municipal Income Trust II Trading Down 1.8 %

Invesco Advantage Municipal Income Trust II stock opened at $8.52 on Friday. The business has a 50 day moving average of $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 company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.0559 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 7.87%.

About Invesco Advantage Municipal Income Trust II

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.