Invesco High Income Trust II (NYSE:VLT) Shares Cross Below 50 Day Moving Average – Time to Sell?

Invesco High Income Trust II (NYSE:VLT)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.92 and traded as low as $10.65. Invesco High Income Trust II shares last traded at $10.68, with a volume of 89,549 shares traded.

Invesco High Income Trust II Price Performance

The firm’s 50-day moving average is $10.92 and its 200 day moving average is $11.15.

Invesco High Income Trust II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.0964 per share. This represents a $1.16 dividend on an annualized basis and a yield of 10.83%. The ex-dividend date of this dividend is Monday, March 17th.

Institutional Trading of Invesco High Income Trust II

A hedge fund recently raised its stake in Invesco High Income Trust II stock. Park Avenue Securities LLC boosted its position in shares of Invesco High Income Trust II (NYSE:VLT) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,871 shares of the financial services provider’s stock after acquiring an additional 4,160 shares during the quarter. Park Avenue Securities LLC’s holdings in Invesco High Income Trust II were worth $733,000 at the end of the most recent reporting period. 21.63% of the stock is currently owned by hedge funds and other 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.