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

INV VK HI INC2 (NYSE:VLT) announced a monthly dividend on Monday, March 2nd. Investors of record on Monday, March 16th will be paid a dividend of 0.0915 per share by the financial services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 10.6%. The ex-dividend date is Monday, March 16th.

INV VK HI INC2 Price Performance

VLT traded down $0.11 on Friday, reaching $10.34. The stock had a trading volume of 20,576 shares, compared to its average volume of 12,362. INV VK HI INC2 has a fifty-two week low of $9.12 and a fifty-two week high of $11.43. The firm has a 50-day moving average of $11.00 and a 200-day moving average of $11.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VLT. Fiera Capital Corp raised its holdings in INV VK HI INC2 by 92.0% in the 4th 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. CoreCap Advisors LLC increased its position in INV VK HI INC2 by 1,676.0% in the 4th quarter. CoreCap Advisors LLC now owns 11,668 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 11,011 shares during the period. Ameriprise Financial Inc. acquired a new position in INV VK HI INC2 in the 3rd quarter valued at approximately $342,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of INV VK HI INC2 by 2.8% during the third quarter. Envestnet Asset Management Inc. now owns 73,455 shares of the financial services provider’s stock valued at $824,000 after acquiring an additional 1,969 shares during the last quarter. Institutional investors and hedge funds own 21.63% of the company’s stock.

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.