Shaker Financial Services LLC grew its stake in INV VK HI INC2 (NYSE:VLT – Free Report) by 211.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 149,149 shares of the financial services provider’s stock after acquiring an additional 101,268 shares during the period. Shaker Financial Services LLC owned about 2.29% of INV VK HI INC2 worth $1,356,000 as of its most recent filing with the SEC.
Separately, Mallini Complete Financial Planning LLC grew its stake in INV VK HI INC2 by 25.6% during the 2nd quarter. Mallini Complete Financial Planning LLC now owns 24,894 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 5,077 shares in the last quarter. Institutional investors own 21.63% of the company’s stock.
INV VK HI INC2 Stock Performance
Shares of VLT stock traded down $0.21 on Wednesday, reaching $8.83. 29,717 shares of the stock were exchanged, compared to its average volume of 20,380. The business’s 50 day moving average price is $9.61 and its 200 day moving average price is $10.09. INV VK HI INC2 has a twelve month low of $8.83 and a twelve month high of $11.34.
INV VK HI INC2 Increases Dividend
INV VK HI INC2 Company Profile
Invesco Van Kampen High Income Trust II (NYSE: VLT) is a closed-end investment company managed by Invesco Ltd. The fund seeks to provide a high level of current income by investing primarily in below-investment-grade corporate debt securities, commonly known as high-yield or “junk” bonds.
The fund’s portfolio may include bonds and other fixed-income instruments issued by companies in a range of industries and geographic regions, with an emphasis on securities offering higher yields in exchange for greater credit risk.
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