Invesco Bond Fund (NYSE:VBF) Shares Pass Above Fifty Day Moving Average of $16.53

Invesco Bond Fund (NYSE:VBF)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $16.53 and traded as high as $16.93. Invesco Bond Fund shares last traded at $16.89, with a volume of 42,845 shares.

Invesco Bond Fund Trading Down 0.1 %

The stock’s fifty day simple moving average is $16.54 and its 200-day simple moving average is $15.97.

Invesco Bond Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.074 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.89 dividend on an annualized basis and a yield of 5.26%.

Institutional Investors Weigh In On Invesco Bond Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of Invesco Bond Fund in the 2nd quarter valued at $98,000. Quarry LP purchased a new position in Invesco Bond Fund during the 4th quarter worth $114,000. Gilman Hill Asset Management LLC purchased a new position in Invesco Bond Fund during the 2nd quarter worth $168,000. Janney Montgomery Scott LLC purchased a new position in Invesco Bond Fund during the 1st quarter worth $368,000. Finally, Melfa Wealth Management Inc. grew its position in Invesco Bond Fund by 16.2% during the 2nd quarter. Melfa Wealth Management Inc. now owns 26,964 shares of the financial services provider’s stock worth $433,000 after purchasing an additional 3,750 shares during the last quarter. 43.73% of the stock is currently 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.