Invesco Bond Fund (NYSE:VBF) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of Invesco Bond Fund (NYSE:VBF) crossed 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 trading hands.

Invesco Bond Fund Price Performance

The business’s 50-day simple moving average is $15.98 and its two-hundred day simple moving average is $16.31.

Invesco Bond Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC lifted its position in Invesco Bond Fund by 1,545.2% during the 3rd quarter. International Assets Investment Management LLC now owns 100,359 shares of the financial services provider’s stock worth $1,707,000 after buying an additional 94,259 shares in the last quarter. WealthBridge Capital Management LLC grew its position in 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 valued at $1,595,000 after purchasing an additional 27,407 shares in the last quarter. ProVise Management Group LLC boosted its holdings in shares of Invesco Bond Fund by 5.6% in the 2nd quarter. ProVise Management Group LLC now owns 98,845 shares of the financial services provider’s stock valued at $1,585,000 after buying an additional 5,255 shares during the last quarter. Finally, Oak Harbor Wealth Partners LLC grew its holdings 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 worth $724,000 after purchasing an additional 1,065 shares during the period. Institutional investors and hedge funds 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.