Invesco Bond Fund (NYSE:VBF) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Shares of Invesco Bond Fund (NYSE:VBF) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $15.82 and traded as low as $15.32. Invesco Bond Fund shares last traded at $15.40, with a volume of 15,694 shares changing hands.

Invesco Bond Fund Stock Performance

The company has a 50 day simple moving average of $15.82 and a 200 day simple moving average of $16.27.

Invesco Bond Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.07 dividend. The ex-dividend date is Friday, January 17th. This represents a $0.84 annualized dividend and a yield of 5.45%.

Hedge Funds Weigh In On Invesco Bond Fund

Hedge funds have recently made changes to their positions in the business. Oak Harbor Wealth Partners LLC lifted its position in Invesco Bond Fund by 2.6% during 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 in the last quarter. ProVise Management Group LLC boosted its stake in Invesco Bond Fund by 5.6% during 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 acquiring an additional 5,255 shares during the last quarter. WealthBridge Capital Management LLC increased its holdings in Invesco Bond Fund by 41.3% in the third quarter. WealthBridge Capital Management LLC now owns 93,758 shares of the financial services provider’s stock valued at $1,595,000 after buying an additional 27,407 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Invesco Bond Fund by 1,545.2% during the third 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 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.