LPL Financial LLC Acquires 20,473 Shares of Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI)

LPL Financial LLC grew its holdings in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) by 5.5% in the 1st quarter, Holdings Channel reports. The fund owned 395,656 shares of the financial services provider’s stock after purchasing an additional 20,473 shares during the quarter. LPL Financial LLC’s holdings in Invesco Advantage Municipal Income Trust II were worth $3,379,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of VKI. Bank of America Corp DE grew its holdings in shares of Invesco Advantage Municipal Income Trust II by 8.7% during the fourth quarter. Bank of America Corp DE now owns 532,612 shares of the financial services provider’s stock worth $4,655,000 after buying an additional 42,659 shares in the last quarter. Stifel Financial Corp boosted its position in Invesco Advantage Municipal Income Trust II by 8.1% during the fourth quarter. Stifel Financial Corp now owns 166,862 shares of the financial services provider’s stock valued at $1,458,000 after purchasing an additional 12,571 shares during the last quarter. World Investment Advisors boosted its position in Invesco Advantage Municipal Income Trust II by 47.1% during the first quarter. World Investment Advisors now owns 157,212 shares of the financial services provider’s stock valued at $1,343,000 after purchasing an additional 50,350 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Invesco Advantage Municipal Income Trust II during the fourth quarter valued at approximately $1,149,000. Finally, CF Capital LLC acquired a new position in Invesco Advantage Municipal Income Trust II during the fourth quarter valued at approximately $481,000. 27.52% of the stock is currently owned by institutional investors.

Invesco Advantage Municipal Income Trust II Price Performance

Shares of NYSEAMERICAN VKI opened at $8.39 on Friday. The stock has a 50 day moving average price of $8.27 and a 200 day moving average price of $8.46. Invesco Advantage Municipal Income Trust II has a 52 week low of $7.89 and a 52 week high of $9.42.

Invesco Advantage Municipal Income Trust II Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.0559 per share. The ex-dividend date is Monday, August 18th. This represents a dividend yield of 800.0%.

Invesco Advantage Municipal Income Trust II Company 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.