Invesco High Income Trust II (NYSE:VLT) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Invesco High Income Trust II (NYSE:VLT)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.02 and traded as low as $10.94. Invesco High Income Trust II shares last traded at $10.98, with a volume of 34,019 shares trading hands.

Invesco High Income Trust II Price Performance

The firm’s fifty day moving average is $11.02 and its 200-day moving average is $11.19.

Invesco High Income Trust II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.0964 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 10.54%. The ex-dividend date is Tuesday, February 18th.

Hedge Funds Weigh In On Invesco High Income Trust II

Hedge funds have recently added to or reduced their stakes in the stock. Fiera Capital Corp acquired a new position in Invesco High Income Trust II in the 3rd quarter valued at $527,000. Park Avenue Securities LLC lifted its stake in shares of Invesco High Income Trust II by 6.6% during the fourth quarter. Park Avenue Securities LLC now owns 66,871 shares of the financial services provider’s stock valued at $733,000 after buying an additional 4,160 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Invesco High Income Trust II by 2.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 72,341 shares of the financial services provider’s stock valued at $793,000 after purchasing an additional 1,602 shares during the last quarter. 21.63% of the stock is currently owned by hedge funds and other institutional investors.

Invesco High Income Trust II 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.