Invesco Bond Fund (NYSE:VBF) Share Price Crosses Above 50-Day Moving Average of $16.42

Shares of Invesco Bond Fund (NYSE:VBF) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $16.42 and traded as high as $16.80. Invesco Bond Fund shares last traded at $16.77, with a volume of 21,042 shares trading hands.

Invesco Bond Fund Stock Performance

The firm’s 50-day moving average is $16.42 and its 200-day moving average is $15.91.

Invesco Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be given a dividend of $0.074 per share. This represents a $0.89 annualized dividend and a dividend yield of 5.30%. The ex-dividend date is Tuesday, September 17th.

Hedge Funds Weigh In On Invesco Bond Fund

Several hedge funds and other institutional investors have recently modified their holdings of VBF. International Assets Investment Management LLC purchased a new position in shares of Invesco Bond Fund during the fourth quarter valued at about $1,296,000. Oak Harbor Wealth Partners LLC increased its position in shares of Invesco Bond Fund by 3.6% during the fourth quarter. Oak Harbor Wealth Partners LLC now owns 38,858 shares of the financial services provider’s stock valued at $591,000 after buying an additional 1,353 shares during the period. ProVise Management Group LLC increased its position in shares of Invesco Bond Fund by 1.1% during the fourth quarter. ProVise Management Group LLC now owns 95,952 shares of the financial services provider’s stock valued at $1,459,000 after buying an additional 1,075 shares during the period. Quarry LP purchased a new position in shares of Invesco Bond Fund during the fourth quarter valued at about $114,000. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of Invesco Bond Fund by 12.6% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 96,512 shares of the financial services provider’s stock valued at $1,510,000 after buying an additional 10,825 shares during the period. Hedge funds and other institutional investors own 43.73% of the company’s stock.

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.