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

Invesco Bond Fund (NYSE:VBF)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.32 and traded as low as $15.93. Invesco Bond Fund shares last traded at $16.03, with a volume of 56,018 shares trading hands.

Invesco Bond Fund Price Performance

The stock’s 50 day moving average price is $16.14 and its two-hundred day moving average price is $16.32.

Invesco Bond Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.085 per share. This represents a $1.02 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date is Tuesday, December 17th.

Institutional Investors Weigh In On Invesco Bond Fund

Several hedge funds and other institutional investors have recently made changes to their positions in VBF. International Assets Investment Management LLC acquired a new position in shares of Invesco Bond Fund during the 2nd quarter worth about $98,000. Oak Harbor Wealth Partners LLC lifted its holdings in shares of 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 buying an additional 1,065 shares during the last quarter. WealthBridge Capital Management LLC lifted its holdings in shares of Invesco Bond Fund by 41.3% during 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. ProVise Management Group LLC boosted its position in shares of 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. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Invesco Bond Fund by 14.8% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 110,842 shares of the financial services provider’s stock worth $1,778,000 after acquiring an additional 14,330 shares during the last quarter. 43.73% of the stock is owned by institutional investors and hedge funds.

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.