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

INV VK HI INC2 (NYSE:VLT) declared a monthly dividend on Friday, May 1st. Shareholders of record on Thursday, May 14th will be given a dividend of 0.0915 per share by the financial services provider on Friday, May 29th. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date of this dividend is Thursday, May 14th.

INV VK HI INC2 Trading Down 0.5%

INV VK HI INC2 stock opened at $10.50 on Tuesday. The business’s 50-day simple moving average is $10.38 and its 200-day simple moving average is $10.86. INV VK HI INC2 has a 52 week low of $9.85 and a 52 week high of $11.43.

Hedge Funds Weigh In On INV VK HI INC2

A number of institutional investors have recently made changes to their positions in VLT. Envestnet Asset Management Inc. increased its stake in shares of INV VK HI INC2 by 2.8% in the third quarter. Envestnet Asset Management Inc. now owns 73,455 shares of the financial services provider’s stock worth $824,000 after purchasing an additional 1,969 shares during the period. Fiera Capital Corp increased its stake in shares of INV VK HI INC2 by 36.5% in the third quarter. Fiera Capital Corp now owns 57,564 shares of the financial services provider’s stock worth $646,000 after purchasing an additional 15,401 shares during the period. Ameriprise Financial Inc. bought a new position in shares of INV VK HI INC2 in the third quarter worth about $342,000. Finally, CoreCap Advisors LLC increased its stake in shares of INV VK HI INC2 by 1,676.0% in the fourth quarter. CoreCap Advisors LLC now owns 11,668 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 11,011 shares during the period. 21.63% of the stock is currently 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. 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.