Invesco Bond Fund (NYSE:VBF) Stock Crosses Below 50 Day Moving Average – What’s Next?

Shares of Invesco Bond Fund (NYSE:VBF) crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $14.45 and traded as low as $14.19. Invesco Bond Fund shares last traded at $14.43, with a volume of 107,196 shares traded.

Invesco Bond Fund Trading Up 0.5%

The company’s 50-day simple moving average is $14.44 and its 200-day simple moving average is $14.77.

Invesco Bond Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.0695 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 5.8%. This is an increase from Invesco Bond Fund’s previous monthly dividend of $0.0665. The ex-dividend date is Wednesday, October 14th.

Institutional Trading of Invesco Bond Fund

Hedge funds have recently added to or reduced their stakes in the company. Arkfeld Wealth Strategies L.L.C. acquired a new stake in shares of Invesco Bond Fund during the third quarter worth $318,000. Bank of America Corp DE bought a new stake in shares of Invesco Bond Fund in the second quarter valued at about $1,023,000. Hara Capital LLC bought a new stake in shares of Invesco Bond Fund in the second quarter valued at about $932,000. Noble Wealth Management PBC boosted its position in shares of Invesco Bond Fund by 57.1% in the second quarter. Noble Wealth Management PBC now owns 2,670 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 970 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of Invesco Bond Fund by 6.6% in the first quarter. Royal Bank of Canada now owns 37,903 shares of the financial services provider’s stock valued at $569,000 after acquiring an additional 2,358 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 (NYSE: VBF) is a closed-end investment company managed by Invesco Ltd. The fund seeks to provide investors with a high level of current income while maintaining a focus on preserving capital.

The fund invests primarily in a diversified portfolio of fixed-income securities. Its holdings may include U.S. government and agency securities, corporate bonds, mortgage-backed and asset-backed securities, and debt issued by foreign governments and companies. The portfolio is managed to provide exposure to multiple areas of the bond market.

Invesco Bond Fund is designed for investors seeking income and diversified exposure to fixed-income markets through a publicly traded closed-end fund.