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

Invesco Bond Fund (NYSE:VBF) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $15.61 and traded as low as $15.40. Invesco Bond Fund shares last traded at $15.4850, with a volume of 16,509 shares.

Invesco Bond Fund Stock Performance

The firm has a 50 day moving average of $15.61 and a two-hundred day moving average of $15.56.

Invesco Bond Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.0715 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. This is a boost from Invesco Bond Fund’s previous monthly dividend of $0.07. The ex-dividend date is Tuesday, December 16th.

Hedge Funds Weigh In On Invesco Bond Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC acquired a new position in Invesco Bond Fund during the 3rd quarter valued at $37,000. 1607 Capital Partners LLC acquired a new stake in Invesco Bond Fund in the 1st quarter worth $159,000. Mutual Advisors LLC bought a new position in shares of Invesco Bond Fund during the 3rd quarter worth about $196,000. Landscape Capital Management L.L.C. acquired a new position in shares of Invesco Bond Fund during the first quarter valued at about $260,000. Finally, Osaic Holdings Inc. raised its position in shares of Invesco Bond Fund by 3.9% during the second quarter. Osaic Holdings Inc. now owns 18,159 shares of the financial services provider’s stock valued at $280,000 after buying an additional 690 shares during the last quarter. 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.