Invesco Bond Fund (NYSE:VBF) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Shares of Invesco Bond Fund (NYSE:VBF) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.67 and traded as low as $15.52. Invesco Bond Fund shares last traded at $15.58, with a volume of 67,928 shares traded.

Invesco Bond Fund Stock Up 0.1 %

The company has a 50 day moving average price of $15.67 and a 200-day moving average price of $16.22.

Invesco Bond Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $0.07 dividend. The ex-dividend date is Friday, January 17th. This represents a $0.84 dividend on an annualized basis and a yield of 5.39%.

Institutional Trading of Invesco Bond Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in VBF. Oak Harbor Wealth Partners LLC increased its stake in shares of 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 valued at $724,000 after acquiring an additional 1,065 shares during the period. International Assets Investment Management LLC increased its position 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 valued at $1,707,000 after purchasing an additional 94,259 shares during the period. Finally, WealthBridge Capital Management LLC raised its stake in shares of Invesco Bond Fund by 41.3% in the 3rd quarter. WealthBridge Capital Management LLC now owns 93,758 shares of the financial services provider’s stock worth $1,595,000 after buying an additional 27,407 shares in the last quarter. 43.73% of the stock is currently owned by institutional investors.

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.