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

INV VK HI INC2 (NYSE:VLT) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.14 and traded as low as $11.11. INV VK HI INC2 shares last traded at $11.19, with a volume of 20,049 shares trading hands.

INV VK HI INC2 Stock Performance

The stock has a 50-day simple moving average of $11.14 and a 200-day simple moving average of $11.15.

INV VK HI INC2 Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid 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 Thursday, January 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VLT. Atlantic Union Bankshares Corp acquired a new stake in INV VK HI INC2 in the second quarter worth approximately $26,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of INV VK HI INC2 in the second quarter worth $121,000. CoreCap Advisors LLC boosted its position in INV VK HI INC2 by 1,676.0% during the 4th quarter. CoreCap Advisors LLC now owns 11,668 shares of the financial services provider’s stock worth $130,000 after acquiring an additional 11,011 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of INV VK HI INC2 during the third quarter worth approximately $342,000. Finally, Fiera Capital Corp grew its position in 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 purchasing 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. 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.