Invesco Bond Fund (NYSE:VBF) Stock Crosses Below 50 Day Moving Average – Here’s Why

Invesco Bond Fund (NYSE:VBF) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.61 and traded as low as $15.40. Invesco Bond Fund shares last traded at $15.4850, with a volume of 16,509 shares trading hands.

Invesco Bond Fund Trading Up 0.4%

The firm’s 50-day moving average is $15.61 and its two-hundred day moving average is $15.56.

Invesco Bond Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.0715 dividend. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, December 16th. This is a boost from Invesco Bond Fund’s previous monthly dividend of $0.07.

Hedge Funds Weigh In On Invesco Bond Fund

Hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC bought a new position in Invesco Bond Fund during the third quarter valued at about $37,000. 1607 Capital Partners LLC bought a new position in shares of Invesco Bond Fund in the 1st quarter valued at approximately $159,000. Mutual Advisors LLC acquired a new stake in Invesco Bond Fund in the 3rd quarter worth approximately $196,000. Landscape Capital Management L.L.C. acquired a new stake in Invesco Bond Fund in the 1st quarter worth approximately $260,000. Finally, Osaic Holdings Inc. boosted its position in Invesco Bond Fund by 3.9% during the second quarter. Osaic Holdings Inc. now owns 18,159 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 690 shares during the period. 43.73% of the stock is 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.