Sit Investment Associates Inc. Sells 68,243 Shares of Invesco Advantage Municipal Income Trust II $VKI

Sit Investment Associates Inc. cut its position in shares of Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) by 11.2% during the 4th quarter, Holdings Channel reports. The firm owned 540,071 shares of the financial services provider’s stock after selling 68,243 shares during the quarter. Sit Investment Associates Inc.’s holdings in Invesco Advantage Municipal Income Trust II were worth $4,925,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in Invesco Advantage Municipal Income Trust II by 45.7% in the 4th quarter. Advisors Asset Management Inc. now owns 666,492 shares of the financial services provider’s stock valued at $6,078,000 after buying an additional 208,990 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Invesco Advantage Municipal Income Trust II by 17.1% in the 2nd quarter. Bank of America Corp DE now owns 703,205 shares of the financial services provider’s stock worth $5,886,000 after buying an additional 102,596 shares during the last quarter. Indivisible Partners purchased a new position in shares of Invesco Advantage Municipal Income Trust II in the 4th quarter worth approximately $789,000. LPL Financial LLC grew its holdings in shares of Invesco Advantage Municipal Income Trust II by 11.1% in the fourth quarter. LPL Financial LLC now owns 770,787 shares of the financial services provider’s stock valued at $7,030,000 after acquiring an additional 76,993 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Invesco Advantage Municipal Income Trust II by 464.8% in the fourth quarter. Jane Street Group LLC now owns 56,725 shares of the financial services provider’s stock valued at $517,000 after acquiring an additional 46,681 shares in the last quarter. 27.52% of the stock is owned by institutional investors.

Invesco Advantage Municipal Income Trust II Price Performance

Shares of VKI opened at $9.24 on Friday. The stock has a 50 day moving average of $8.92 and a 200 day moving average of $9.00. Invesco Advantage Municipal Income Trust II has a 12 month low of $8.12 and a 12 month high of $9.60.

Invesco Advantage Municipal Income Trust II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.0559 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Monday, June 15th.

Insider Transactions at Invesco Advantage Municipal Income Trust II

In other Invesco Advantage Municipal Income Trust II news, major shareholder Of America Corp /De/ Bank bought 3,359 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was purchased at an average cost of $8.68 per share, with a total value of $29,156.12. Following the transaction, the insider directly owned 3,359 shares in the company, valued at $29,156.12. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.45% of the stock is owned by company insiders.

About Invesco Advantage Municipal Income Trust II

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN: VKI) is a closed-end management investment company that primarily seeks to provide shareholders with high after-tax total return. The fund pursues its objective by investing predominantly in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by U.S. states, municipalities and other political subdivisions.

The fund’s investment strategy emphasizes credit quality and income generation, with portfolio managers conducting in-depth credit analysis to identify opportunities across various sectors—such as transportation, education and healthcare—that offer attractive tax-exempt yields.