Invesco Bond Income Plus (LON:BIPS) Shares Down 0.6% – Here’s What Happened

Invesco Bond Income Plus Limited (LON:BIPS)’s share price was down 0.6% on Friday . The stock traded as low as GBX 164.19 ($2.06) and last traded at GBX 166.50 ($2.09). Approximately 1,819,743 shares traded hands during mid-day trading, an increase of 500% from the average daily volume of 303,111 shares. The stock had previously closed at GBX 167.50 ($2.10).

Invesco Bond Income Plus Trading Down 0.6 %

The firm’s fifty day simple moving average is GBX 172.03 and its 200-day simple moving average is GBX 171.38. The company has a debt-to-equity ratio of 12.95, a quick ratio of 0.09 and a current ratio of 0.31. The stock has a market cap of £332.08 million, a P/E ratio of 832.50 and a beta of 0.40.

Invesco Bond Income Plus Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 17th were given a dividend of GBX 2.88 ($0.04) per share. The ex-dividend date was Thursday, October 17th. This represents a dividend yield of 1.66%. Invesco Bond Income Plus’s payout ratio is 6,000.00%.

Insider Buying and Selling

In other news, insider Heather MacCallum acquired 8,000 shares of Invesco Bond Income Plus stock in a transaction on Monday, October 7th. The stock was purchased at an average price of GBX 174 ($2.18) per share, with a total value of £13,920 ($17,450.17). 0.03% of the stock is currently owned by insiders.

About Invesco Bond Income Plus

Invesco Bond Income Plus Limited is a closed-ended fixed income mutual fund launched and managed by Invesco Fund Managers Limited. It is co-managed by INVESCO Asset Management Limited. The fund invests in fixed income markets across the globe. It primarily invests in high yield fixed income securities including preference shares, convertible and redeemable loan stocks, corporate bonds, and government bonds.