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

INV VK HI INC2 (NYSE:VLT) declared a monthly dividend on Monday, August 3rd. Stockholders of record on Monday, August 17th will be given a dividend of 0.0895 per share by the financial services provider on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date is Monday, August 17th.

INV VK HI INC2 Trading Up 0.4%

Shares of NYSE VLT opened at $10.01 on Tuesday. INV VK HI INC2 has a fifty-two week low of $9.85 and a fifty-two week high of $11.43. The stock has a fifty day moving average of $10.36 and a 200-day moving average of $10.53.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Mallini Complete Financial Planning LLC lifted its position in INV VK HI INC2 by 25.6% during the second quarter. Mallini Complete Financial Planning LLC now owns 24,894 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 5,077 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of INV VK HI INC2 by 83.2% in the 1st quarter. Cetera Investment Advisers now owns 28,191 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 12,802 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of INV VK HI INC2 during the 3rd quarter valued at $342,000. Finally, Fiera Capital Corp grew its stake in shares of INV VK HI INC2 by 92.0% during the fourth 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. 21.63% of the stock is currently owned by institutional investors.

INV VK HI INC2 Company 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. 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.