INV VK HI INC2 (NYSE:VLT) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

INV VK HI INC2 (NYSE:VLT) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.23 and traded as low as $11.21. INV VK HI INC2 shares last traded at $11.2550, with a volume of 15,538 shares.

INV VK HI INC2 Stock Up 0.1%

The company’s fifty day simple moving average is $11.23 and its 200-day simple moving average is $10.97.

INV VK HI INC2 Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be paid a dividend of $0.094 per share. The ex-dividend date is Monday, November 17th. This represents a c) dividend on an annualized basis and a yield of 10.0%.

Institutional Investors Weigh In On INV VK HI INC2

Several large investors have recently modified their holdings of VLT. Atlantic Union Bankshares Corp acquired a new position in shares of INV VK HI INC2 in the 2nd quarter worth approximately $26,000. Wealth Enhancement Advisory Services LLC bought a new stake in INV VK HI INC2 in the second quarter valued at $121,000. Wolverine Asset Management LLC acquired a new position in INV VK HI INC2 during the first quarter worth $195,000. Fiera Capital Corp lifted its holdings in shares of INV VK HI INC2 by 36.5% during the third quarter. Fiera Capital Corp now owns 57,564 shares of the financial services provider’s stock valued at $646,000 after acquiring an additional 15,401 shares during the period. Finally, Park Avenue Securities LLC bought a new position in shares of INV VK HI INC2 during the second quarter valued at $710,000. 21.63% of the stock is currently owned by institutional investors.

INV VK HI INC2 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.