Invesco Bond Fund (NYSE:VBF) Shares Pass Above 50 Day Moving Average – Should You Sell?

Invesco Bond Fund (NYSE:VBF)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 changing hands.

Invesco Bond Fund Stock Performance

The business’s 50-day simple moving average is $15.51 and its 200 day simple moving average is $15.88.

Invesco Bond Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, April 16th. This represents a $0.84 annualized dividend and a yield of 5.41%.

Hedge Funds Weigh In On Invesco Bond Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VBF. WealthBridge Capital Management LLC raised its stake in shares of Invesco Bond Fund by 23.8% in the 4th quarter. WealthBridge Capital Management LLC now owns 116,042 shares of the financial services provider’s stock worth $1,791,000 after buying an additional 22,284 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in Invesco Bond Fund in the 4th quarter valued at about $351,000. Whipplewood Advisors LLC bought a new position in shares of Invesco Bond Fund during the 4th quarter valued at about $884,000. Jones Financial Companies Lllp grew its stake in shares of Invesco Bond Fund by 39.3% in the 4th quarter. Jones Financial Companies Lllp now owns 141,398 shares of the financial services provider’s stock worth $2,182,000 after purchasing an additional 39,871 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Invesco Bond Fund in the 4th quarter worth approximately $654,000. 43.73% of the stock is owned by institutional investors.

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.