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

Invesco High Income Trust II (NYSE:VLT) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.97 and traded as low as $10.80. Invesco High Income Trust II shares last traded at $10.83, with a volume of 11,398 shares.

Invesco High Income Trust II Stock Performance

The stock has a 50 day moving average price of $10.97 and a two-hundred day moving average price of $11.19.

Invesco High Income Trust II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.0964 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 10.68%.

Hedge Funds Weigh In On Invesco High Income Trust II

A hedge fund recently raised its stake in Invesco High Income Trust II stock. Park Avenue Securities LLC grew its holdings in Invesco High Income Trust II (NYSE:VLT) by 6.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 66,871 shares of the financial services provider’s stock after purchasing an additional 4,160 shares during the period. Park Avenue Securities LLC’s holdings in Invesco High Income Trust II were worth $733,000 as of its most recent SEC filing. 21.63% of the stock is owned by institutional investors.

About Invesco High Income Trust II

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.