Invesco Bond Fund (NYSE:VBF) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Invesco Bond Fund (NYSE:VBF)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.56 and traded as low as $15.56. Invesco Bond Fund shares last traded at $15.58, with a volume of 29,110 shares trading hands.

Invesco Bond Fund Stock Performance

The stock’s 50 day simple moving average is $15.56 and its 200-day simple moving average is $16.11.

Invesco Bond Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.84 dividend on an annualized basis and a yield of 5.39%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wolverine Asset Management LLC acquired a new position in Invesco Bond Fund during the 4th quarter valued at approximately $351,000. Raymond James Financial Inc. purchased a new stake in shares of Invesco Bond Fund in the 4th quarter valued at $654,000. Oak Harbor Wealth Partners LLC boosted its holdings in shares of Invesco Bond Fund by 2.6% in the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 42,576 shares of the financial services provider’s stock valued at $724,000 after acquiring an additional 1,065 shares during the last quarter. StoneX Group Inc. purchased a new stake in shares of Invesco Bond Fund in the 4th quarter valued at $839,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Invesco Bond Fund in the 4th quarter valued at $884,000. 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.