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

INV VK HI INC2 (NYSE:VLT)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 Performance

The firm has a fifty day moving average price of $11.23 and a 200 day moving average price of $10.97.

INV VK HI INC2 Announces Dividend

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

Institutional Trading of INV VK HI INC2

Hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its holdings 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 purchasing an additional 1,275 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of INV VK HI INC2 in the 2nd quarter valued at $26,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of INV VK HI INC2 during the second quarter worth $121,000. Fiera Capital Corp lifted its stake 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, Wolverine Asset Management LLC acquired a new position in shares of INV VK HI INC2 during the first quarter valued at $195,000. 21.63% of the stock is owned by institutional investors.

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.