Invesco High Income Trust II (NYSE:VLT) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Invesco High Income Trust II (NYSE:VLT) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.92 and traded as low as $10.65. Invesco High Income Trust II shares last traded at $10.68, with a volume of 89,549 shares traded.

Invesco High Income Trust II Price Performance

The firm has a 50 day simple moving average of $10.92 and a 200-day simple moving average of $11.15.

Invesco High Income Trust II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.0964 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 10.83%. The ex-dividend date is Monday, March 17th.

Hedge Funds Weigh In On Invesco High Income Trust II

A hedge fund recently raised its stake in Invesco High Income Trust II stock. Envestnet Asset Management Inc. lifted its stake in shares of Invesco High Income Trust II (NYSE:VLT) by 2.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 72,341 shares of the financial services provider’s stock after buying an additional 1,602 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Invesco High Income Trust II were worth $793,000 as of its most recent SEC filing. 21.63% of the stock is owned by hedge funds and other institutional investors.

Invesco High Income Trust II 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.