Shares of Invesco Bond Fund (NYSE:VBF – Get Free Report) passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $14.40 and traded as low as $14.31. Invesco Bond Fund shares last traded at $14.38, with a volume of 32,832 shares traded.
Invesco Bond Fund Stock Performance
The firm has a 50-day moving average price of $14.40 and a two-hundred day moving average price of $14.86.
Invesco Bond Fund Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be issued a $0.0725 dividend. The ex-dividend date is Monday, November 16th. This is a boost from Invesco Bond Fund’s previous monthly dividend of $0.0695. This represents a $0.87 dividend on an annualized basis and a dividend yield of 6.1%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its position in Invesco Bond Fund by 153.8% in the 1st quarter. Fifth Third Bancorp now owns 2,538 shares of the financial services provider’s stock valued at $38,000 after buying an additional 1,538 shares during the period. Noble Wealth Management PBC increased its position in shares of Invesco Bond Fund by 57.1% during the second quarter. Noble Wealth Management PBC now owns 2,670 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 970 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Invesco Bond Fund by 686.0% during the first quarter. PNC Financial Services Group Inc. now owns 4,032 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 3,519 shares during the period. Commonwealth Equity Services LLC increased its position in shares of Invesco Bond Fund by 29.4% during the third quarter. Commonwealth Equity Services LLC now owns 14,387 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 3,272 shares during the period. Finally, Petra Financial Advisors Inc. purchased a new position in shares of Invesco Bond Fund during the first quarter worth approximately $260,000. Hedge funds and other institutional investors own 43.73% of the company’s stock.
About Invesco Bond Fund
Invesco Bond Fund (NYSE: VBF) is a closed-end investment company that provides investors with professionally managed exposure to the bond market. Its primary objective is to seek a high level of current income while emphasizing preservation of capital. The fund invests in a diversified portfolio of debt securities, including corporate bonds. Its portfolio is managed by Invesco Advisers, Inc., part of the global investment management firm Invesco. As a closed-end fund, VBF issues a fixed number of shares that trade on the New York Stock Exchange.
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