Invesco Bond Fund (NYSE:VBF) Stock Price Passes Above 50-Day Moving Average of $16.42

Invesco Bond Fund (NYSE:VBF) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $16.42 and traded as high as $16.80. Invesco Bond Fund shares last traded at $16.77, with a volume of 21,042 shares.

Invesco Bond Fund Stock Up 0.8 %

The company’s fifty day simple moving average is $16.45 and its 200-day simple moving average is $15.92.

Invesco Bond Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.074 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.89 annualized dividend and a dividend yield of 5.25%.

Institutional Investors Weigh In On Invesco Bond Fund

Several large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC bought a new position in shares of Invesco Bond Fund during the 1st quarter worth approximately $368,000. WealthBridge Capital Management LLC raised its stake in Invesco Bond Fund by 125.6% during the first quarter. WealthBridge Capital Management LLC now owns 36,560 shares of the financial services provider’s stock worth $572,000 after acquiring an additional 20,355 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Invesco Bond Fund by 14.8% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 110,842 shares of the financial services provider’s stock valued at $1,778,000 after acquiring an additional 14,330 shares during the period. Gilman Hill Asset Management LLC acquired a new stake in shares of Invesco Bond Fund in the 2nd quarter valued at $168,000. Finally, Quarry LP bought a new stake in shares of Invesco Bond Fund in the 4th quarter worth about $114,000. 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.