Invesco Bond Fund (NYSE:VBF – Get Free Report)’s stock price passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $14.40 and traded as low as $14.31. Invesco Bond Fund shares last traded at $14.38, with a volume of 32,832 shares.
Invesco Bond Fund Trading Down 0.3%
The firm has a fifty day simple moving average of $14.40 and a 200 day simple moving average of $14.86.
Invesco Bond Fund Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a $0.0725 dividend. The ex-dividend date is Monday, November 16th. This represents a $0.87 annualized dividend and a dividend yield of 6.1%. This is a positive change from Invesco Bond Fund’s previous monthly dividend of $0.0695.
Hedge Funds Weigh In On Invesco Bond Fund
Several institutional investors have recently made changes to their positions in VBF. Allspring Global Investments Holdings LLC boosted its stake in shares of Invesco Bond Fund by 6.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 424,469 shares of the financial services provider’s stock valued at $6,019,000 after purchasing an additional 26,751 shares in the last quarter. Legacy Financial Independent Advisors LLC increased its position in Invesco Bond Fund by 1.8% during the 3rd quarter. Legacy Financial Independent Advisors LLC now owns 175,115 shares of the financial services provider’s stock valued at $2,483,000 after buying an additional 3,083 shares in the last quarter. Bank of America Corp DE acquired a new position in Invesco Bond Fund during the 2nd quarter valued at about $1,023,000. Hara Capital LLC purchased a new stake in Invesco Bond Fund in the second quarter valued at about $932,000. Finally, Royal Bank of Canada raised its stake in Invesco Bond Fund by 6.6% in the first quarter. Royal Bank of Canada now owns 37,903 shares of the financial services provider’s stock valued at $569,000 after buying an additional 2,358 shares during the last quarter. Hedge funds and other institutional investors own 43.73% of the company’s stock.
Invesco Bond Fund Company Profile
Invesco Bond Fund (NYSE: VBF) is a closed-end investment company that provides investors with professionally managed exposure to the bond market. Its primary objective is to seek a high level of current income while emphasizing preservation of capital. The fund invests in a diversified portfolio of debt securities, including corporate bonds. Its portfolio is managed by Invesco Advisers, Inc., part of the global investment management firm Invesco. As a closed-end fund, VBF issues a fixed number of shares that trade on the New York Stock Exchange.
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