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

Invesco Bond Fund (NYSE:VBF)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $16.73 and traded as low as $16.13. Invesco Bond Fund shares last traded at $16.23, with a volume of 17,678 shares trading hands.

Invesco Bond Fund Stock Performance

The firm has a fifty day simple moving average of $16.71 and a two-hundred day simple moving average of $16.19.

Invesco Bond Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be given a $0.074 dividend. This represents a $0.89 annualized dividend and a yield of 5.46%. The ex-dividend date is Wednesday, October 16th.

Hedge Funds Weigh In On Invesco Bond Fund

Several institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new stake in shares of Invesco Bond Fund during the 2nd quarter valued at about $98,000. Gilman Hill Asset Management LLC purchased a new stake in Invesco Bond Fund during the second quarter valued at approximately $168,000. Janney Montgomery Scott LLC bought a new stake in shares of Invesco Bond Fund in the 1st quarter valued at approximately $368,000. Melfa Wealth Management Inc. lifted its stake in shares of Invesco Bond Fund by 16.2% in the 2nd quarter. Melfa Wealth Management Inc. now owns 26,964 shares of the financial services provider’s stock valued at $433,000 after purchasing an additional 3,750 shares during the last quarter. Finally, Oak Harbor Wealth Partners LLC boosted its holdings in shares of Invesco Bond Fund by 3.4% in the 2nd quarter. Oak Harbor Wealth Partners LLC now owns 41,511 shares of the financial services provider’s stock worth $666,000 after purchasing an additional 1,379 shares during the period. 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.