Shaker Financial Services LLC Acquires 83,823 Shares of INV VK HI INC2 (NYSE:VLT)

Key Points

• Shaker Financial Services LLC significantly increased its stake in INV VK HI INC2 by 126.9% during Q1, owning a total of 149,862 shares valued at $1.59 million.
• INV VK HI INC2 recently announced a monthly dividend of $0.0964, which represents an annualized yield of 10.4% and will be paid to investors on August 29th.
• The stock is currently priced at $11.07, with a 52-week low of $9.12 and a high of $11.63.

Shaker Financial Services LLC lifted its holdings in shares of INV VK HI INC2 (NYSE:VLT - Free Report) by 126.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,862 shares of the financial services provider's stock after purchasing an additional 83,823 shares during the period. Shaker Financial Services LLC owned about 2.31% of INV VK HI INC2 worth $1,587,000 as of its most recent SEC filing.

Separately, Envestnet Asset Management Inc. increased its stake in INV VK HI INC2 by 2.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 72,341 shares of the financial services provider's stock worth $793,000 after acquiring an additional 1,602 shares during the last quarter. Hedge funds and other institutional investors own 21.63% of the company's stock.

INV VK HI INC2 Stock Up 0.4%

NYSE VLT traded up $0.04 during trading hours on Thursday, hitting $11.09. The company had a trading volume of 10,675 shares, compared to its average volume of 18,669. INV VK HI INC2 has a fifty-two week low of $9.12 and a fifty-two week high of $11.63. The firm's 50 day moving average is $10.88 and its 200 day moving average is $10.70.

INV VK HI INC2 Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be issued a dividend of $0.0964 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend is Monday, August 18th.

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.