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

INV VK HI INC2 (NYSE:VLT) announced a monthly dividend on Friday, May 1st. Stockholders of record on Thursday, May 14th will be given a dividend of 0.0915 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend is Thursday, May 14th.

INV VK HI INC2 Price Performance

INV VK HI INC2 stock opened at $10.50 on Tuesday. The company’s 50 day simple moving average is $10.38 and its 200-day simple moving average is $10.86. INV VK HI INC2 has a 1 year low of $9.85 and a 1 year high of $11.43.

Institutional Investors Weigh In On INV VK HI INC2

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