Invesco High Income Trust II (NYSE:VLT) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Invesco High Income Trust II (NYSE:VLT) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $11.21 and traded as low as $10.94. Invesco High Income Trust II shares last traded at $10.98, with a volume of 30,213 shares trading hands.

Invesco High Income Trust II Stock Performance

The stock’s 50 day simple moving average is $11.21 and its 200 day simple moving average is $11.16.

Invesco High Income Trust II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.0964 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 10.46%.

Hedge Funds Weigh In On Invesco High Income Trust II

A hedge fund recently bought a new stake in Invesco High Income Trust II stock. Fiera Capital Corp bought a new stake in shares of Invesco High Income Trust II (NYSE:VLT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 45,700 shares of the financial services provider’s stock, valued at approximately $527,000. 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.