Invesco Advantage Municipal Income Trust II is a closed-ended fixed income mutual fund launched by Invesco Ltd.
Share Price & News
How has Invesco Advantage Municipal Income Trust II's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VKI has not had significant price volatility in the past 3 months.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: VKI underperformed the US Capital Markets industry which returned 18.7% over the past year.
Return vs Market: VKI underperformed the US Market which returned 24.4% over the past year.
Price Volatility Vs. Market
How volatile is Invesco Advantage Municipal Income Trust II's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Invesco Advantage Municipal Income Trust II undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: VKI ($11.36) is trading above our estimate of fair value ($0.42)
Significantly Below Fair Value: VKI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: VKI is good value based on its PE Ratio (10.5x) compared to the Capital Markets industry average (36.2x).
PE vs Market: VKI is good value based on its PE Ratio (10.5x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VKI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VKI is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (6.6x).
How is Invesco Advantage Municipal Income Trust II forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Invesco Advantage Municipal Income Trust II has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Invesco Advantage Municipal Income Trust II performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VKI has a large one-off gain of $24.9M impacting its August 31 2019 financial results.
Growing Profit Margin: VKI's current net profit margins are higher than last year (3.7%).
Past Earnings Growth Analysis
Earnings Trend: VKI's earnings have declined by -35.7% per year over the past 5 years.
Accelerating Growth: VKI's earnings growth over the past year (3109.3%) exceeds its 5-year average (-35.7% per year).
Earnings vs Industry: VKI earnings growth over the past year (3109.3%) exceeded the Capital Markets industry 20.6%.
Return on Equity
High ROE: VKI's Return on Equity (8.9%) is considered low.
Return on Assets
Return on Capital Employed
How is Invesco Advantage Municipal Income Trust II's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: VKI has a low level of unsold assets or inventory.
Debt Coverage by Assets: VKI's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: VKI's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if VKI has a sufficient allowance for bad loans.
Low Risk Liabilities: VKI reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if VKI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: VKI has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if VKI has an appropriate level of bad loans.
What is Invesco Advantage Municipal Income Trust II's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: VKI's dividend (4.75%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: VKI's dividend (4.75%) is in the top 25% of dividend payers in the US market (3.67%)
Stability and Growth of Payments
Stable Dividend: VKI's dividends per share have been stable in the past 10 years.
Growing Dividend: VKI's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.1%), VKI's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
What is the CEO of Invesco Advantage Municipal Income Trust II's salary, the management and board of directors tenure and is there insider trading?
Average management tenure
Colin Meadows (48yo)
Mr. Colin D. Meadows, J.D. has been Senior Managing Director of Invesco Ltd. since 2006 and serves as its Head of Private Markets and Global Institutional since 2015. In April 2014, his role further expand ...
Management Age and Tenure
Experienced Management: VKI's management team is seasoned and experienced (5 years average tenure).
Board Age and Tenure
Experienced Board: VKI's board of directors are seasoned and experienced ( 26 years average tenure).
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Jeffrey Kupor (51yo)
Senior Vice President
John Zerr (57yo)
Chief Legal Officer
Colin Meadows (48yo)
Principal Executive Officer and President
- Tenure: 5yrs
Sheri Morris (55yo)
Principal Financial Officer
- Tenure: 5yrs
- Tenure: 15yrs
Valinda Arnett-Patton (60yo)
Chief Compliance Officer
Crissie Wisdom (50yo)
Anti-Money Laundering Compliance Officer
Jim Bunch (77yo)
Rod Dammeyer (79yo)
- Compensation: US$7.31k
Sue Woolsey (78yo)
- Tenure: 17yrs
- Compensation: US$6.16k
Bruce Crockett (75yo)
Jack Fields (67yo)
Hugo Sonnenschein (79yo)
- Tenure: 26yrs
- Compensation: US$5.94k
David Arch (74yo)
- Tenure: 31yrs
- Compensation: US$6.17k
Albert Dowden (78yo)
Wayne Whalen (80yo)
- Compensation: US$6.16k
Frank Bayley (80yo)
Invesco Advantage Municipal Income Trust II's company bio, employee growth, exchange listings and data sources
- Name: Invesco Advantage Municipal Income Trust II
- Ticker: VKI
- Exchange: AMEX
- Founded: 1993
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$501.181m
- Shares outstanding: 44.39m
- Website: https://www.invesco.com/portal/site/us/investors/closed-end/product-detail?productId=30431
- Invesco Advantage Municipal Income Trust II
- Two Peachtree Pointe
- 1555 Peachtree Street North East
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VKI||AMEX (NYSE MKT LLC)||Yes||Common Shares||US||USD||Oct 1993|
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. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations. It employs fundamental analysis with a bottom-up security selection approach to create its portfolio. The fund was formerly known as Invesco Van Kampen Advantage Municipal Income Trust II. Invesco Advantage Municipal Income Trust II was formed on August 27, 1993 and is domiciled in the United States.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/01/17 01:43|
|End of Day Share Price||2020/01/16 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.