Invesco High Income Trust II (NYSE:VLT) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Invesco High Income Trust II (NYSE:VLT)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.92 and traded as low as $10.65. Invesco High Income Trust II shares last traded at $10.68, with a volume of 89,549 shares traded.

Invesco High Income Trust II Trading Down 0.2 %

The firm has a fifty day moving average price of $10.90 and a 200 day moving average price of $11.14.

Invesco High Income Trust II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.0964 per share. This represents a $1.16 dividend on an annualized basis and a yield of 10.83%. The ex-dividend date is Wednesday, April 16th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Invesco High Income Trust II stock. Envestnet Asset Management Inc. boosted its position in shares of Invesco High Income Trust II (NYSE:VLT) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 72,341 shares of the financial services provider’s stock after purchasing an additional 1,602 shares during the period. Envestnet Asset Management Inc.’s holdings in Invesco High Income Trust II were worth $793,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 21.63% of the company’s stock.

Invesco High Income Trust II Company Profile

Invesco High 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 Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.