Sit Investment Associates Inc. Cuts Stock Holdings in INV VK HI INC2 $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. lessened its position in shares of INV VK HI INC2 (NYSE:VLT - Free Report) by 84.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,465 shares of the financial services provider's stock after selling 91,037 shares during the quarter. Sit Investment Associates Inc. owned about 0.25% of INV VK HI INC2 worth $174,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in 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 valued at $780,000 after purchasing an additional 1,275 shares during the period. Wolverine Asset Management LLC purchased a new stake in INV VK HI INC2 in the first quarter valued at approximately $195,000. Finally, Shaker Financial Services LLC raised its position 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 valued at $1,587,000 after purchasing an additional 83,823 shares during the period. Hedge funds and other institutional investors own 21.63% of the company's stock.

INV VK HI INC2 Stock Up 0.2%

Shares of INV VK HI INC2 stock traded up $0.02 during trading hours on Friday, reaching $11.10. 5,664 shares of the company were exchanged, compared to its average volume of 25,024. INV VK HI INC2 has a 1 year low of $9.12 and a 1 year high of $11.63. The stock's fifty day moving average is $10.97 and its 200 day moving average is $10.71.

INV VK HI INC2 Dividend Announcement

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

INV VK HI INC2 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.