Invesco Bond Fund (NYSE:VBF) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Shares of Invesco Bond Fund (NYSE:VBF) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.67 and traded as low as $15.52. Invesco Bond Fund shares last traded at $15.58, with a volume of 67,928 shares changing hands.

Invesco Bond Fund Stock Performance

The company has a 50 day moving average of $15.67 and a 200-day moving average of $16.22.

Invesco Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.07 dividend. The ex-dividend date is Friday, January 17th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.39%.

Institutional Investors Weigh In On Invesco Bond Fund

A number of institutional investors have recently modified their holdings of VBF. Oak Harbor Wealth Partners LLC boosted its stake 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 acquiring an additional 1,065 shares during the period. WealthBridge Capital Management LLC lifted its holdings in shares of Invesco Bond Fund by 41.3% in 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 last quarter. Finally, International Assets Investment Management LLC boosted its position 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 valued at $1,707,000 after purchasing an additional 94,259 shares during the period. Institutional investors own 43.73% of the company’s stock.

About Invesco Bond Fund

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.