Shaker Financial Services LLC Purchases 101,268 Shares of INV VK HI INC2 $VLT

Shaker Financial Services LLC grew its stake in shares of INV VK HI INC2 (NYSE:VLT – Free Report) by 211.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 149,149 shares of the financial services provider’s stock after purchasing an additional 101,268 shares during the period. Shaker Financial Services LLC’s holdings in INV VK HI INC2 were worth $1,356,000 at the end of the most recent reporting period.

Separately, Cetera Investment Advisers lifted its stake in shares of INV VK HI INC2 by 83.2% in the first 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 during the period. 21.63% of the stock is currently owned by institutional investors.

INV VK HI INC2 Stock Down 2.3%

Shares of NYSE VLT traded down $0.21 during midday trading on Wednesday, hitting $8.83. The company had a trading volume of 29,717 shares, compared to its average volume of 20,380. INV VK HI INC2 has a twelve month low of $8.83 and a twelve month high of $11.34. The business has a 50-day simple moving average of $9.61 and a two-hundred day simple moving average of $10.09.

INV VK HI INC2 Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.0895 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date is Wednesday, October 14th. This is a positive change from INV VK HI INC2’s previous monthly dividend of $0.0895.

INV VK HI INC2 Profile

(Free Report)

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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Institutional Ownership by Quarter for INV VK HI INC2 (NYSE:VLT)

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