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  4. [Form 4] Invesco Advantage Municipal Income Trust II Insider Trading Activity

Invesco Advantage Municipal Income Trust II (VKI) insider trade filed by Bank of America

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Bank of America Corporation and its subsidiary Merrill Lynch, Pierce, Fenner & Smith Incorporated reported a same-day purchase and sale of Invesco Advantage Municipal Income Trust II common shares. On 01/02/2026, they indirectly purchased 8,531 VKI common shares at a reported non-rounded trade price of $9.0847 per share and then sold 8,531 shares at $9 per share, leaving 0 shares beneficially owned after the transactions.

The reporting persons state the filing is made jointly and that Bank of America’s interest is indirect through its 100% ownership of Merrill Lynch. They disclaim beneficial ownership of the reported securities except to the extent of any pecuniary interest. They further state that, without conceding greater than 10% beneficial ownership or Section 16 status, any profit potentially recoverable under Section 16(b) from the reported transactions will be remitted to the issuer.

Positive

  • None.

Negative

  • None.
Insider BANK OF AMERICA CORP /DE/, MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
Role 10% Owner | 10% Owner
Bought 8,531 shs ($78K)
Sold 8,531 shs ($77K)
Type Security Shares Price Value
Purchase Common Stock 8,531 $9.0847 $78K
Sale Common Stock 8,531 $9.00 $77K
Holdings After Transaction: Common Stock — 0 shares (Indirect, See Footnotes)
Footnotes (4)
  1. F1. This statement is jointly filed by Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch") (collectively, the "Reporting Persons"). Bank of America Corporation holds an indirect interest in the securities listed in this Report by virtue of its 100% ownership of its subsidiary Merrill Lynch. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Securities Exchange Act of 1934 (the "Exchange Act"), or for any other purpose.
  2. F2. Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the Exchange Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
  3. F3. Without conceding its status as a greater than 10% beneficial owner or that the reported transactions are subject to disclosure under Section 16(a) of the Exchange Act or short-swing profit recovery under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that the Reporting Persons were greater than 10% beneficial owners and the transactions were subject to Section 16(b) will be remitted to the Issuer.
  4. F4. Non-rounded trade price is $9.084713

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transaction in VKI did Bank of America report?

The report shows Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated bought 8,531 Invesco Advantage Municipal Income Trust II common shares at about $9.0847 on 01/02/2026 and sold 8,531 shares at $9 the same day.

How many VKI shares does the reporting person own after these transactions?

After the reported purchase and sale of VKI common stock, the amount of securities beneficially owned following the transactions is reported as 0 shares.

Who are the reporting persons for this VKI insider filing?

The filing is a joint statement by Bank of America Corporation and its wholly owned subsidiary Merrill Lynch, Pierce, Fenner & Smith Incorporated, which together are described as the reporting persons.

What is the relationship of the reporting persons to Invesco Advantage Municipal Income Trust II (VKI)?

The reporting relationship section indicates a checked box for Director in relation to the issuer, and the explanatory text notes that Bank of America holds an indirect interest in the VKI securities through its 100% ownership of Merrill Lynch.

Do Bank of America and Merrill Lynch claim full beneficial ownership of the VKI shares?

No. Each reporting person disclaims beneficial ownership of the reported VKI securities except to the extent of its pecuniary interest, and the statement says it should not be deemed an admission of beneficial ownership for Exchange Act purposes.

What do the reporting persons say about potential short-swing profit under Section 16(b)?

The reporting persons state that, without conceding greater than 10% beneficial ownership or that the transactions are subject to Section 16, any profit potentially recoverable by the issuer from the reported transactions under Section 16(b) will be remitted to the issuer.

Was a Rule 10b5-1 trading plan indicated for this VKI transaction?

The form includes a checkbox description for trades under a Rule 10b5-1(c) plan, but the provided content does not state that this box was checked for the reported VKI transactions.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BANK OF AMERICA CORP /DE/
(Last) (First) (Middle)
BANK OF AMERICA CORPORATE CENTER
100 N TRYON ST
(Street)
CHARLOTTE NC 28255
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Invesco Advantage Municipal Income Trust II [ VKI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock(1)(2)(3) 01/02/2026 P 8,531 A $9.0847(4) 8,531 I See Footnotes(1)(2)(3)
Common Stock(1)(2)(3) 01/02/2026 S 8,531 D $9 0 I See Footnotes(1)(2)(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
BANK OF AMERICA CORP /DE/
(Last) (First) (Middle)
BANK OF AMERICA CORPORATE CENTER
100 N TRYON ST
(Street)
CHARLOTTE NC 28255
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
(Last) (First) (Middle)
ONE BRYANT PARK
(Street)
NEW YORK NY 10036
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. This statement is jointly filed by Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch") (collectively, the "Reporting Persons"). Bank of America Corporation holds an indirect interest in the securities listed in this Report by virtue of its 100% ownership of its subsidiary Merrill Lynch. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Securities Exchange Act of 1934 (the "Exchange Act"), or for any other purpose.
2. Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the Exchange Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
3. Without conceding its status as a greater than 10% beneficial owner or that the reported transactions are subject to disclosure under Section 16(a) of the Exchange Act or short-swing profit recovery under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that the Reporting Persons were greater than 10% beneficial owners and the transactions were subject to Section 16(b) will be remitted to the Issuer.
4. Non-rounded trade price is $9.084713
BANK OF AMERICA CORP /DE/ By: Its: Authorized Signatory /s/ Andres Ortiz 01/05/2026
MERRILL LYNCH, PIERCE, FENNER & SMITH INC. By: Its: Authorized Signatory /s/ Andres Ortiz 01/05/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR