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Invesco Bond Fund (NYSE:VBF) Stock Price Passes Below 200 Day Moving Average - Should You Sell?

Invesco Bond Fund logo with Finance background

Invesco Bond Fund (NYSE:VBF - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.32 and traded as low as $15.93. Invesco Bond Fund shares last traded at $16.03, with a volume of 56,018 shares changing hands.

Invesco Bond Fund Stock Performance

The firm has a 50 day moving average price of $16.12 and a 200 day moving average price of $16.32.

Invesco Bond Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.085 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.02 dividend on an annualized basis and a yield of 6.40%.

Institutional Trading of Invesco Bond Fund

Institutional investors have recently modified their holdings of the company. Oak Harbor Wealth Partners LLC increased its holdings in shares of Invesco Bond Fund by 2.6% during 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 in the last quarter. International Assets Investment Management LLC increased its stake 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 in the last quarter. WealthBridge Capital Management LLC raised its holdings in shares of 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 worth $1,595,000 after buying an additional 27,407 shares during the last quarter. ProVise Management Group LLC lifted its stake in shares of Invesco Bond Fund by 5.6% during the second quarter. ProVise Management Group LLC now owns 98,845 shares of the financial services provider's stock worth $1,585,000 after buying an additional 5,255 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Invesco Bond Fund by 14.8% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 110,842 shares of the financial services provider's stock valued at $1,778,000 after buying an additional 14,330 shares during the last quarter. 43.73% of the stock is currently owned by institutional investors.

Invesco Bond Fund Company Profile

(Get Free Report)

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.

Further Reading

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