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

INV VK HI INC2 (NYSE:VLT)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.23 and traded as low as $11.17. INV VK HI INC2 shares last traded at $11.1950, with a volume of 7,517 shares changing hands.

INV VK HI INC2 Trading Down 0.1%

The stock’s fifty day moving average is $11.23 and its two-hundred day moving average is $11.00.

INV VK HI INC2 Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Stockholders 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) annualized dividend and a dividend yield of 10.1%.

Hedge Funds Weigh In On INV VK HI INC2

A number of hedge funds and other institutional investors have recently bought and sold shares of VLT. Envestnet Asset Management Inc. lifted its position in shares of INV VK HI INC2 by 1.8% in the first quarter. Envestnet Asset Management Inc. now owns 73,616 shares of the financial services provider’s stock valued at $780,000 after buying an additional 1,275 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of INV VK HI INC2 during the 2nd quarter worth approximately $26,000. Wealth Enhancement Advisory Services LLC bought a new stake in INV VK HI INC2 in the 2nd quarter valued at $121,000. Fiera Capital Corp lifted its holdings in INV VK HI INC2 by 36.5% during the 3rd quarter. Fiera Capital Corp now owns 57,564 shares of the financial services provider’s stock valued at $646,000 after purchasing an additional 15,401 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in INV VK HI INC2 during the first quarter worth $195,000. Institutional investors own 21.63% of the company’s stock.

About INV VK HI INC2

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.