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

Invesco Bond Fund (NYSE:VBF)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $15.65 and traded as low as $15.51. Invesco Bond Fund shares last traded at $15.67, with a volume of 43,621 shares trading hands.

Invesco Bond Fund Stock Up 0.3 %

The company has a 50 day moving average price of $15.65 and a 200 day moving average price of $16.18.

Invesco Bond Fund Dividend Announcement

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 given a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date is Tuesday, February 18th.

Hedge Funds Weigh In On Invesco Bond Fund

Several large investors have recently made changes to their positions in VBF. Wolverine Asset Management LLC acquired a new position in Invesco Bond Fund in the 4th quarter valued at about $351,000. Raymond James Financial Inc. purchased a new stake in shares of Invesco Bond Fund during the fourth quarter worth $654,000. Oak Harbor Wealth Partners LLC boosted its holdings in Invesco Bond Fund by 2.6% in 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 purchasing an additional 1,065 shares during the period. Whipplewood Advisors LLC acquired a new position in Invesco Bond Fund during the 4th quarter worth $884,000. Finally, International Assets Investment Management LLC increased its holdings in 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 purchasing an additional 94,259 shares during the period. 43.73% of the stock is currently owned by institutional investors and hedge funds.

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.