Invesco Bond Fund (NYSE:VBF) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Invesco Bond Fund (NYSE:VBF) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $15.82 and traded as low as $15.32. Invesco Bond Fund shares last traded at $15.40, with a volume of 15,694 shares.

Invesco Bond Fund Stock Down 0.1 %

The company’s fifty day moving average is $15.82 and its two-hundred day moving average is $16.27.

Invesco Bond Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date is Friday, January 17th.

Institutional Investors Weigh In On Invesco Bond Fund

Several hedge funds have recently made changes to their positions in the business. Oak Harbor Wealth Partners LLC grew its position in Invesco Bond Fund by 2.6% during the third quarter. Oak Harbor Wealth Partners LLC now owns 42,576 shares of the financial services provider’s stock worth $724,000 after buying an additional 1,065 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Invesco Bond Fund by 1,545.2% during the 3rd quarter. International Assets Investment Management LLC now owns 100,359 shares of the financial services provider’s stock worth $1,707,000 after acquiring an additional 94,259 shares during the period. WealthBridge Capital Management LLC lifted its holdings in shares of Invesco Bond Fund by 41.3% during the 3rd quarter. WealthBridge Capital Management LLC now owns 93,758 shares of the financial services provider’s stock worth $1,595,000 after acquiring an additional 27,407 shares during the period. Finally, ProVise Management Group LLC grew its holdings in Invesco Bond Fund by 5.6% in the second quarter. ProVise Management Group LLC now owns 98,845 shares of the financial services provider’s stock valued at $1,585,000 after purchasing an additional 5,255 shares during the period. Institutional investors and hedge funds own 43.73% of the company’s stock.

Invesco Bond Fund Company Profile

Invesco Bond Fund is a close 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.