INV VK HI INC2 (NYSE:VLT) Plans Monthly Dividend of $0.09

INV VK HI INC2 (NYSE:VLT) declared a monthly dividend on Monday, August 3rd. Investors of record on Monday, August 17th will be given a dividend of 0.0895 per share by the financial services provider on Monday, August 31st. This represents a c) annualized dividend and a yield of 10.7%. The ex-dividend date of this dividend is Monday, August 17th.

INV VK HI INC2 Trading Up 0.4%

INV VK HI INC2 stock opened at $10.01 on Tuesday. The business’s 50 day simple moving average is $10.36 and its 200 day simple moving average is $10.53. INV VK HI INC2 has a 12 month low of $9.85 and a 12 month high of $11.43.

Hedge Funds Weigh In On INV VK HI INC2

Several hedge funds have recently bought and sold shares of VLT. Mallini Complete Financial Planning LLC grew its position in INV VK HI INC2 by 25.6% during the second quarter. Mallini Complete Financial Planning LLC now owns 24,894 shares of the financial services provider’s stock worth $259,000 after buying an additional 5,077 shares in the last quarter. Cetera Investment Advisers lifted its stake in INV VK HI INC2 by 83.2% in the first quarter. Cetera Investment Advisers now owns 28,191 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 12,802 shares during the last quarter. Fiera Capital Corp boosted its position in INV VK HI INC2 by 92.0% during the fourth quarter. Fiera Capital Corp now owns 110,547 shares of the financial services provider’s stock valued at $1,235,000 after buying an additional 52,983 shares during the period. Finally, Ameriprise Financial Inc. purchased a new stake in INV VK HI INC2 during the third quarter valued at about $342,000. Hedge funds and other institutional investors own 21.63% of the company’s stock.

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. It invests in the fixed income markets. The fund seeks to invest in securities rated between BB and C by Standard and Poor's. It seeks to maintain an average duration of around three to four years for its portfolio.