INV VK HI INC2 (NYSE:VLT) Stock Passes Above 50 Day Moving Average – Here’s Why

Shares of INV VK HI INC2 (NYSE:VLT) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.55 and traded as high as $10.93. INV VK HI INC2 shares last traded at $10.90, with a volume of 21,179 shares traded.

INV VK HI INC2 Trading Up 0.3%

The business has a fifty day moving average price of $10.55 and a 200-day moving average price of $10.71.

INV VK HI INC2 Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a $0.0964 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $1.16 annualized dividend and a yield of 10.62%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Shaker Financial Services LLC boosted its position in shares of INV VK HI INC2 by 126.9% in the first quarter. Shaker Financial Services LLC now owns 149,862 shares of the financial services provider’s stock valued at $1,587,000 after acquiring an additional 83,823 shares during the period. Wolverine Asset Management LLC acquired a new stake in INV VK HI INC2 in the 1st quarter worth about $195,000. Finally, Envestnet Asset Management Inc. raised its stake in INV VK HI INC2 by 2.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 72,341 shares of the financial services provider’s stock worth $793,000 after purchasing an additional 1,602 shares in the last quarter. 21.63% of the stock is owned by institutional investors and hedge funds.

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.