Sit Investment Associates Inc. Decreases Position in INV VK HI INC2 (NYSE:VLT)

Key Points

• Sit Investment Associates Inc. significantly reduced its stake in INV VK HI INC2 (NYSE:VLT) by 84.7%, resulting in ownership of just 16,465 shares after selling 91,037 shares in the first quarter.
• Other notable investors, such as Shaker Financial Services LLC, have increased their holdings by 126.9%, indicating varied investor sentiment surrounding the stock.
• INV VK HI INC2 will pay a monthly dividend of $0.0964 on August 29th, with a calculated annualized dividend yield of 10.3%.

Sit Investment Associates Inc. cut its position in INV VK HI INC2 (NYSE:VLT - Free Report) by 84.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 16,465 shares of the financial services provider's stock after selling 91,037 shares during the period. Sit Investment Associates Inc. owned approximately 0.25% of INV VK HI INC2 worth $174,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Shaker Financial Services LLC raised its holdings in INV VK HI INC2 by 126.9% in the first quarter. Shaker Financial Services LLC now owns 149,862 shares of the financial services provider's stock worth $1,587,000 after buying an additional 83,823 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of INV VK HI INC2 by 1.8% in the first quarter. Envestnet Asset Management Inc. now owns 73,616 shares of the financial services provider's stock worth $780,000 after acquiring an additional 1,275 shares during the period. Finally, Wolverine Asset Management LLC bought a new stake in shares of INV VK HI INC2 in the first quarter worth approximately $195,000. 21.63% of the stock is owned by hedge funds and other institutional investors.

INV VK HI INC2 Trading Down 0.1%

Shares of VLT stock opened at $11.19 on Friday. The company has a 50 day moving average price of $10.95 and a 200-day moving average price of $10.71. INV VK HI INC2 has a 52 week low of $9.12 and a 52 week high of $11.63.

INV VK HI INC2 Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a $0.0964 dividend. The ex-dividend date is Monday, August 18th. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%.

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.

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