Invesco Bond Fund (NYSE:VBF) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Invesco Bond Fund (NYSE:VBF)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.56 and traded as low as $15.56. Invesco Bond Fund shares last traded at $15.58, with a volume of 29,110 shares changing hands.

Invesco Bond Fund Price Performance

The firm’s fifty day moving average price is $15.56 and its 200 day moving average price is $16.11.

Invesco Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.84 annualized dividend and a dividend yield of 5.39%.

Institutional Investors Weigh In On Invesco Bond Fund

Several large investors have recently modified their holdings of the business. Oak Harbor Wealth Partners LLC raised its holdings in shares of Invesco Bond Fund by 2.6% in the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 42,576 shares of the financial services provider’s stock valued at $724,000 after purchasing an additional 1,065 shares in the last quarter. Invesco Ltd. raised its stake in shares of Invesco Bond Fund by 15.0% during the 4th quarter. Invesco Ltd. now owns 147,188 shares of the financial services provider’s stock worth $2,271,000 after acquiring an additional 19,192 shares in the last quarter. ProVise Management Group LLC raised its stake in shares of Invesco Bond Fund by 17.2% during the 4th quarter. ProVise Management Group LLC now owns 130,724 shares of the financial services provider’s stock worth $2,017,000 after acquiring an additional 19,200 shares in the last quarter. WealthBridge Capital Management LLC raised its stake in shares of Invesco Bond Fund by 23.8% during the 4th quarter. WealthBridge Capital Management LLC now owns 116,042 shares of the financial services provider’s stock worth $1,791,000 after acquiring an additional 22,284 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new position in shares of Invesco Bond Fund during the 4th quarter worth approximately $351,000. 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.