Invesco Bond Fund (NYSE:VBF) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Invesco Bond Fund (NYSE:VBFGet Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 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 traded.

Invesco Bond Fund Stock Performance

The company has a 50-day simple moving average of $16.71 and a 200-day simple moving average of $16.19.

Invesco Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders 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.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VBF. International Assets Investment Management LLC boosted its position in Invesco Bond Fund by 1,545.2% in the 3rd quarter. International Assets Investment Management LLC now owns 100,359 shares of the financial services provider’s stock valued at $1,707,000 after buying an additional 94,259 shares during the period. WealthBridge Capital Management LLC grew its stake 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 worth $1,595,000 after purchasing an additional 27,407 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Invesco Bond Fund during the 1st quarter worth $368,000. Hennion & Walsh Asset Management Inc. raised its position in Invesco Bond Fund by 14.8% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 110,842 shares of the financial services provider’s stock valued at $1,778,000 after purchasing an additional 14,330 shares in the last quarter. Finally, Gilman Hill Asset Management LLC bought a new stake in Invesco Bond Fund during the 2nd quarter valued at $168,000. Hedge funds and other institutional investors own 43.73% of the company’s stock.

About Invesco Bond Fund

(Get Free Report)

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.

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