INV VK HI INC2 (NYSE:VLT) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

INV VK HI INC2 (NYSE:VLT) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 Stock Down 0.1%

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

INV VK HI INC2 Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be given a $0.094 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date of this dividend is Monday, November 17th.

Institutional Trading of INV VK HI INC2

Hedge funds and other institutional investors have recently bought and sold shares of the business. Atlantic Union Bankshares Corp bought a new position in shares of INV VK HI INC2 during the second quarter worth approximately $26,000. Wealth Enhancement Advisory Services LLC acquired a new stake in INV VK HI INC2 during the second quarter worth approximately $121,000. Wolverine Asset Management LLC acquired a new stake in INV VK HI INC2 during the first quarter worth approximately $195,000. Ameriprise Financial Inc. bought a new position in INV VK HI INC2 during the 3rd quarter worth $342,000. Finally, Fiera Capital Corp raised its holdings in INV VK HI INC2 by 36.5% in the 3rd 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 in the last quarter. Institutional investors and hedge funds 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.