Invesco Bond Fund (NYSE:VBF - Get Free Report)'s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $15.29 and traded as high as $15.33. Invesco Bond Fund shares last traded at $15.21, with a volume of 108,726 shares changing hands.
Invesco Bond Fund Price Performance
The firm has a 50-day moving average price of $15.28 and a 200-day moving average price of $15.63.
Invesco Bond Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $0.84 dividend on an annualized basis and a yield of 5.46%.
Institutional Trading of Invesco Bond Fund
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sit Investment Associates Inc. boosted its stake in Invesco Bond Fund by 27.2% during the fourth quarter. Sit Investment Associates Inc. now owns 340,133 shares of the financial services provider's stock worth $5,248,000 after acquiring an additional 72,710 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Invesco Bond Fund in the 4th quarter worth approximately $884,000. StoneX Group Inc. purchased a new stake in shares of Invesco Bond Fund in the 4th quarter worth approximately $839,000. Guggenheim Capital LLC increased its position in Invesco Bond Fund by 27.6% during the 4th quarter. Guggenheim Capital LLC now owns 235,663 shares of the financial services provider's stock valued at $3,636,000 after buying an additional 50,983 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Invesco Bond Fund during the 4th quarter valued at approximately $654,000. 43.73% of the stock is owned by hedge funds and other institutional investors.
About Invesco Bond Fund
(
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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.
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