Park Avenue Securities LLC Buys Shares of 64,926 INV VK HI INC2 $VLT

Key Points

• Park Avenue Securities LLC purchased 64,926 shares of INV VK HI INC2 (NYSE:VLT) during the second quarter, valued at approximately $710,000, representing around 1% ownership of the company.
• INV VK HI INC2 recently announced a monthly dividend of $0.094 per share, translating to an annualized yield of 10.1%.
• The stock has experienced a fifty-two week range between $9.12 and $11.63, with a recent opening price of $11.21.

Park Avenue Securities LLC bought a new stake in shares of INV VK HI INC2 (NYSE:VLT - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 64,926 shares of the financial services provider's stock, valued at approximately $710,000. Park Avenue Securities LLC owned about 1.00% of INV VK HI INC2 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of VLT. Envestnet Asset Management Inc. lifted its position in INV VK HI INC2 by 1.8% during the first quarter. Envestnet Asset Management Inc. now owns 73,616 shares of the financial services provider's stock valued at $780,000 after purchasing an additional 1,275 shares during the last quarter. Shaker Financial Services LLC lifted its holdings in shares of INV VK HI INC2 by 126.9% in the 1st quarter. Shaker Financial Services LLC now owns 149,862 shares of the financial services provider's stock worth $1,587,000 after acquiring an additional 83,823 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of INV VK HI INC2 in the 1st quarter worth approximately $195,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of INV VK HI INC2 in the 2nd quarter worth approximately $121,000. 21.63% of the stock is currently owned by institutional investors.

INV VK HI INC2 Stock Performance

Shares of VLT opened at $11.21 on Friday. INV VK HI INC2 has a fifty-two week low of $9.12 and a fifty-two week high of $11.63. The firm has a 50 day moving average price of $11.14 and a 200-day moving average price of $10.76.

INV VK HI INC2 Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.094 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date is Tuesday, September 16th.

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.

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