Invesco Advantage Municipal Income Trust II (VKI) stock had a bullish inflow of $0.18 million worth of trades on uptick and an outflow of $0 million in downticks on Tuesday. The total uptick to downtick ratio stood at 137.94. The net money flow into the stock was $0.18 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.18 million. $0.18 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Invesco Advantage Municipal Income Trust II (VKI) stock traded down $0.02 , and reached $13.37, a drop of -0.15% over the previous day. On a weekly basis, the stock is -1.26%, over the previous weeks close.
The company Insiders own 1% of Invesco Advantage Municipal Income Trust II shares according to the proxy statements. Institutional Investors own 7.47% of Invesco Advantage Municipal Income Trust II shares. In an insider trading activity, Dammeyer Rodney F, director of Invesco Advantage Municipal Income Trust Ii, executed a transaction worth $74,496 on May 29, 2015. A total of 6,616 shares were purchased at an average price of $11.26. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Invesco Advantage Municipal Income Trust II has dropped 1.1% in the last five trading days, however, the shares have posted positive gains of 1.57% in the last 4 weeks. Invesco Advantage Municipal Income Trust II is up 4.77% in the last 3-month period. Year-to-Date the stock performance stands at 15.46%.
Invesco Advantage Municipal Income Trust II (NYSEMKT:VKI): On Tuesdays trading session , Opening price of the stock was $13.4 with an intraday high of $13.41. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.12. However, the stock managed to close at $13.12, a loss of 2.02% for the day. On the previous day, the stock had closed at $13.39. The total traded volume of the day was 171,757 shares.
Invesco Advantage Municipal Income Trust II is a diversified, closed-end management investment company. The Trusts investment objective is to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital. Under normal market conditions, it will invest at least 80% of its assets in municipal securities rated investment grade at the time of investment. Municipal securities include municipal bonds, municipal notes, municipal commercial paper and lease obligations. The Trust may also invest up to 20% of its net assets in non-investment-grade and unrated securities that it determines to be of comparable quality. Its investment adviser is Invesco Advisers, Inc.