Invesco Bond Fund (NYSE:VBF) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Invesco Bond Fund (NYSE:VBF)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $15.51 and traded as high as $15.64. Invesco Bond Fund shares last traded at $15.54, with a volume of 26,702 shares.

Invesco Bond Fund Trading Down 1.3 %

The company’s 50-day moving average price is $15.50 and its two-hundred day moving average price is $15.87.

Invesco Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend is Wednesday, April 16th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wolverine Asset Management LLC bought a new stake in shares of Invesco Bond Fund in the 4th quarter valued at about $351,000. Raymond James Financial Inc. bought a new stake in Invesco Bond Fund in the fourth quarter valued at approximately $654,000. StoneX Group Inc. bought a new stake in Invesco Bond Fund in the fourth quarter valued at approximately $839,000. Whipplewood Advisors LLC bought a new position in shares of Invesco Bond Fund in the fourth quarter worth approximately $884,000. Finally, WealthBridge Capital Management LLC grew its holdings in shares of Invesco Bond Fund by 23.8% in the fourth quarter. WealthBridge Capital Management LLC now owns 116,042 shares of the financial services provider’s stock worth $1,791,000 after purchasing an additional 22,284 shares during the last quarter. 43.73% of the stock is currently owned by institutional investors.

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.