Invesco High Income Trust II (NYSE:VLT) Stock Price Crosses Below 50-Day Moving Average – Should You Sell?

Invesco High Income Trust II (NYSE:VLT)’s stock price crossed 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 Stock Performance

The stock has a 50 day simple moving average of $11.00 and a 200-day simple moving average of $11.19.

Invesco High Income Trust II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a $0.0964 dividend. This represents a $1.16 annualized dividend and a dividend yield of 10.51%. The ex-dividend date of this dividend is Tuesday, February 18th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VLT. Fiera Capital Corp purchased a new position in shares of Invesco High Income Trust II in the third quarter worth $527,000. Park Avenue Securities LLC raised its stake in shares of Invesco High Income Trust II by 6.6% in the fourth quarter. Park Avenue Securities LLC now owns 66,871 shares of the financial services provider’s stock worth $733,000 after purchasing an additional 4,160 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of 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 worth $793,000 after purchasing an additional 1,602 shares during the last quarter. Hedge funds and other institutional investors own 21.63% of the company’s stock.

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.