Invesco High Income Trust Ii (NYSE:VLT) is Attracting Smart Money


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Invesco High Income Trust Ii (NYSE:VLT) reported that Saba Capital has picked up 802,899 of common stock as of 2017-06-08.

The acquisition brings the aggregate amount owned by Saba Capital to a total of 802,899 representing less than 9.89% stake in the company.

For those not familiar with the company, INVESCO VAN KAMPEN HIGH INCOME TRUST II, formerly Invesco High Income Trust II, is a diversified, closed-end management investment trust. The Trust’s investment objective is to provide high current income, while seeking to preserve shareholders’ capital, through investment in a professionally managed portfolio of income producing fixed-income securities. The Trust invests in a range of sectors, including aerospace and defense; agricultural and farm machinery; apparel retail; auto parts and equipment; building products; cable and satellite; construction and engineering; consumer finance; diversified banks; food retail; healthcare facilities; homebuilding; industrial machinery; Internet software and services; oil and gas equipment and services, paper packaging, and pharmaceuticals. Invesco Advisers, Inc. is the investment advisor of the Trust.

A glance at Invesco High Income Trust Ii (NYSE:VLT)’s key stats reveals a current market capitalization of 121.06 Million based on 8.12 Million shares outstanding and a price at last close of $14.90 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2015-10-05, Roberts picked up 7,728 at a purchase price of $12.94. This brings their total   holding to 7,728 as of the date of the filing.

On the sell side, the most recent transaction saw Whalen unload 306 shares at a sale price of $17.11. This brings their total holding to 2,293.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Invesco High Income Trust Ii (NYSE:VLT) as things move forward to see if its progress aligns with these transactions.

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