INV VK HI INC2 (NYSE:VLT) Shares Cross Below 50 Day Moving Average – Time to Sell?

INV VK HI INC2 (NYSE:VLT) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.13 and traded as low as $11.02. INV VK HI INC2 shares last traded at $11.03, with a volume of 14,545 shares traded.

INV VK HI INC2 Stock Performance

The company has a 50 day simple moving average of $11.13 and a two-hundred day simple moving average of $11.16.

INV VK HI INC2 Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be given a $0.094 dividend. The ex-dividend date is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 10.2%.

Institutional Trading of INV VK HI INC2

Several institutional investors and hedge funds have recently bought and sold shares of the business. Atlantic Union Bankshares Corp purchased a new stake in shares of INV VK HI INC2 in the 2nd quarter valued at $26,000. CoreCap Advisors LLC raised its holdings in shares of INV VK HI INC2 by 1,676.0% during the fourth quarter. CoreCap Advisors LLC now owns 11,668 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 11,011 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in INV VK HI INC2 during the third quarter valued at $342,000. Fiera Capital Corp lifted its position in INV VK HI INC2 by 36.5% during the third quarter. Fiera Capital Corp now owns 57,564 shares of the financial services provider’s stock valued at $646,000 after purchasing an additional 15,401 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in INV VK HI INC2 by 2.8% in the third quarter. Envestnet Asset Management Inc. now owns 73,455 shares of the financial services provider’s stock valued at $824,000 after purchasing an additional 1,969 shares during the last quarter. 21.63% of the stock is currently owned by institutional investors and hedge funds.

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.