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

Invesco High Income Trust II (NYSE:VLT) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.66 and traded as low as $9.90. Invesco High Income Trust II shares last traded at $10.02, with a volume of 29,441 shares traded.

Invesco High Income Trust II Stock Performance

The business’s 50 day moving average price is $10.65 and its two-hundred day moving average price is $11.02.

Invesco High Income Trust II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.0964 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.16 annualized dividend and a yield of 11.56%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Invesco High Income Trust II stock. Park Avenue Securities LLC boosted its stake in shares of Invesco High Income Trust II (NYSE:VLT) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,871 shares of the financial services provider’s stock after buying an additional 4,160 shares during the period. 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. Institutional investors own 21.63% of the company’s stock.

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.