FSA Wealth Management LLC Acquires New Shares in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI)

FSA Wealth Management LLC purchased a new stake in shares of Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,000 shares of the financial services provider’s stock, valued at approximately $28,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kingswood Wealth Advisors LLC boosted its holdings in shares of Invesco Advantage Municipal Income Trust II by 9.3% in the second quarter. Kingswood Wealth Advisors LLC now owns 35,130 shares of the financial services provider’s stock worth $312,000 after buying an additional 3,000 shares during the last quarter. Melfa Wealth Management Inc. boosted its holdings in Invesco Advantage Municipal Income Trust II by 1.5% in the 2nd quarter. Melfa Wealth Management Inc. now owns 85,450 shares of the financial services provider’s stock worth $758,000 after buying an additional 1,245 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of Invesco Advantage Municipal Income Trust II by 6.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 942,260 shares of the financial services provider’s stock worth $8,358,000 after purchasing an additional 52,966 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Invesco Advantage Municipal Income Trust II by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 93,409 shares of the financial services provider’s stock valued at $829,000 after buying an additional 2,010 shares in the last quarter. Finally, Matisse Capital bought a new stake in Invesco Advantage Municipal Income Trust II in the 2nd quarter valued at $98,000. Hedge funds and other institutional investors own 27.52% of the company’s stock.

Invesco Advantage Municipal Income Trust II Trading Up 0.5 %

Shares of VKI opened at $9.21 on Monday. Invesco Advantage Municipal Income Trust II has a 1 year low of $8.11 and a 1 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, November 29th. Stockholders of record on Friday, November 15th were paid a $0.0559 dividend. This represents a $0.67 annualized dividend and a dividend yield of 7.28%. The ex-dividend date of this dividend was Friday, November 15th.

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.