Invesco Bond Fund (NYSE:VBF) Shares Cross Below 200-Day Moving Average – Should You Sell?

Invesco Bond Fund (NYSE:VBF)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.31 and traded as low as $15.42. Invesco Bond Fund shares last traded at $15.50, with a volume of 18,712 shares.

Invesco Bond Fund Price Performance

The stock’s 50-day moving average price is $15.98 and its 200-day moving average price is $16.31.

Invesco Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.085 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $1.02 dividend on an annualized basis and a yield of 6.53%.

Hedge Funds Weigh In On Invesco Bond Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in Invesco Bond Fund in the second quarter worth $98,000. ProVise Management Group LLC lifted its holdings in Invesco Bond Fund by 5.6% in the second quarter. ProVise Management Group LLC now owns 98,845 shares of the financial services provider’s stock valued at $1,585,000 after acquiring an additional 5,255 shares during the period. WealthBridge Capital Management LLC boosted 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. Finally, Oak Harbor Wealth Partners LLC lifted its position in 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 purchasing an additional 1,065 shares in the last quarter. 43.73% of the stock is currently owned by hedge funds and other institutional investors.

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.