Invesco Bond Fund (NYSE:VBF) Shares Pass Below 200-Day Moving Average – What’s Next?

Invesco Bond Fund (NYSE:VBF) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.31 and traded as low as $15.42. Invesco Bond Fund shares last traded at $15.50, with a volume of 18,712 shares.

Invesco Bond Fund Trading Down 0.1 %

The firm has a fifty day moving average price of $16.02 and a 200 day moving average price of $16.31.

Invesco Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a $0.085 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.02 annualized dividend and a yield of 6.58%.

Institutional Investors Weigh In On Invesco Bond Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new stake in shares of Invesco Bond Fund during the 2nd quarter worth about $98,000. Oak Harbor Wealth Partners LLC lifted 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 worth $724,000 after acquiring an additional 1,065 shares during the last quarter. WealthBridge Capital Management LLC boosted its position 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 purchasing an additional 27,407 shares during the period. Finally, ProVise Management Group LLC increased its holdings in Invesco Bond Fund by 5.6% in the 2nd 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 last quarter. Hedge funds and other institutional investors 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.