Permanent Capital Management LP Takes $94,000 Position in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI)

Permanent Capital Management LP purchased a new stake in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,728 shares of the financial services provider’s stock, valued at approximately $94,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FSA Wealth Management LLC acquired a new stake in Invesco Advantage Municipal Income Trust II during the third quarter worth about $28,000. Integrated Wealth Concepts LLC acquired a new stake in Invesco Advantage Municipal Income Trust II during the third quarter worth about $93,000. Geneos Wealth Management Inc. grew its position in Invesco Advantage Municipal Income Trust II by 37.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 10,317 shares of the financial services provider’s stock worth $90,000 after buying an additional 2,800 shares in the last quarter. Larson Financial Group LLC grew its position in Invesco Advantage Municipal Income Trust II by 232.4% during the third quarter. Larson Financial Group LLC now owns 11,300 shares of the financial services provider’s stock worth $105,000 after buying an additional 7,900 shares in the last quarter. Finally, Moloney Securities Asset Management LLC acquired a new stake in Invesco Advantage Municipal Income Trust II during the third quarter worth about $116,000. 27.52% of the stock is owned by institutional investors and hedge funds.

Invesco Advantage Municipal Income Trust II Stock Performance

VKI stock opened at $8.82 on Friday. Invesco Advantage Municipal Income Trust II has a twelve month low of $8.14 and a twelve month high of $9.42. The business’s 50-day moving average price is $8.75.

Invesco Advantage Municipal Income Trust II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.0559 per share. This represents a $0.67 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date is Monday, March 17th.

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.