INV VK HI INC2 Declares Monthly Dividend of $0.09 (NYSE:VLT)

Key Points

• INV VK HI INC2 (NYSE:VLT) declared a monthly dividend of $0.0915 per share, payable April 30 to shareholders of record April 14 (ex‑dividend date April 14), implying an indicated yield of about 10.6%.
• Shares opened at $10.37 and were down 0.3%; the 52‑week range is $9.80 to $11.43, with 50‑day and 200‑day moving averages of $10.60 and $10.97, respectively.
• Invesco High Income Trust II is a closed‑end high‑yield fixed‑income fund that invests in securities rated BB to C and targets an average portfolio duration of roughly 3–4 years.

INV VK HI INC2 (NYSE:VLT - Get Free Report) announced a monthly dividend on Wednesday, April 1st. Stockholders of record on Tuesday, April 14th will be given a dividend of 0.0915 per share by the financial services provider on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date of this dividend is Tuesday, April 14th.

INV VK HI INC2 Stock Down 0.3%

VLT opened at $10.37 on Friday. INV VK HI INC2 has a fifty-two week low of $9.80 and a fifty-two week high of $11.43. The business has a 50-day moving average of $10.60 and a 200-day moving average of $10.97.

Institutional Investors Weigh In On INV VK HI INC2

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Fiera Capital Corp grew its holdings in INV VK HI INC2 by 92.0% in the 4th quarter. Fiera Capital Corp now owns 110,547 shares of the financial services provider's stock valued at $1,235,000 after buying an additional 52,983 shares during the last quarter. CoreCap Advisors LLC grew its holdings in INV VK HI INC2 by 1,676.0% in the 4th quarter. CoreCap Advisors LLC now owns 11,668 shares of the financial services provider's stock valued at $130,000 after buying an additional 11,011 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in INV VK HI INC2 in the 3rd quarter valued at approximately $342,000. Finally, Envestnet Asset Management Inc. grew its holdings in INV VK HI INC2 by 2.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 73,455 shares of the financial services provider's stock valued at $824,000 after buying an additional 1,969 shares during the last quarter. 21.63% of the stock is owned by hedge funds and other institutional investors.

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. It invests in the fixed income markets. The fund seeks to invest in securities rated between BB and C by Standard and Poor's. It seeks to maintain an average duration of around three to four years for its portfolio.

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