Absolute Investment Advisers LLC Purchases New Shares in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI)

Absolute Investment Advisers LLC acquired a new position in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) during the fourth quarter, Holdings Channel.com reports. The firm acquired 72,100 shares of the financial services provider’s stock, valued at approximately $630,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VKI. FSA Wealth Management LLC acquired a new stake in shares of Invesco Advantage Municipal Income Trust II during the third quarter worth approximately $28,000. Fortitude Family Office LLC boosted its stake in Invesco Advantage Municipal Income Trust II by 66.2% during the 3rd quarter. Fortitude Family Office LLC now owns 5,816 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 2,316 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Invesco Advantage Municipal Income Trust II during the 3rd quarter worth $93,000. Geneos Wealth Management Inc. increased its position in shares of Invesco Advantage Municipal Income Trust II by 37.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 10,317 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Invesco Advantage Municipal Income Trust II by 232.4% in the 3rd quarter. Larson Financial Group LLC now owns 11,300 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 7,900 shares in the last quarter. 27.52% of the stock is owned by hedge funds and other institutional investors.

Invesco Advantage Municipal Income Trust II Stock Performance

Shares of VKI stock opened at $8.87 on Monday. 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 announced a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a dividend of $0.0559 per share. This represents a $0.67 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date was Friday, January 17th.

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.