Invesco Bond Fund (NYSE:VBF) Share Price Breaks Below 50 Day Moving Average - Should You Sell?

Key Points

• Invesco Bond Fund shares fell below their 50-day moving average, trading as low as $14.03 and closing near $14.20, below both the 50-day average of $14.50 and the 200-day average of $14.81.
• The fund increased its monthly dividend to $0.0695 per share, equivalent to approximately $0.83 annually and a 5.9% yield.
• Institutional investors own 43.73% of the fund, with several firms recently increasing their positions. VBF is a closed-end fund focused on generating current income through diversified fixed-income investments.

Shares of Invesco Bond Fund (NYSE:VBF - Get Free Report) crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $14.50 and traded as low as $14.03. Invesco Bond Fund shares last traded at $14.20, with a volume of 28,860 shares traded.

Invesco Bond Fund Stock Performance

The stock's 50-day moving average is $14.50 and its 200-day moving average is $14.81.

Invesco Bond Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be paid a $0.0695 dividend. This represents a $0.83 annualized dividend and a yield of 5.9%. This is an increase from Invesco Bond Fund's previous monthly dividend of $0.0665. The ex-dividend date of this dividend is Wednesday, October 14th.

Hedge Funds Weigh In On Invesco Bond Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp raised its stake in Invesco Bond Fund by 153.8% during the 1st quarter. Fifth Third Bancorp now owns 2,538 shares of the financial services provider's stock worth $38,000 after buying an additional 1,538 shares during the period. Noble Wealth Management PBC grew its position in Invesco Bond Fund by 57.1% in the 2nd quarter. Noble Wealth Management PBC now owns 2,670 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 970 shares during the period. PNC Financial Services Group Inc. increased its stake in Invesco Bond Fund by 686.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,032 shares of the financial services provider's stock valued at $60,000 after purchasing an additional 3,519 shares in the last quarter. Petra Financial Advisors Inc. bought a new stake in Invesco Bond Fund during the 1st quarter valued at $260,000. Finally, Riverbridge Partners LLC raised its holdings in Invesco Bond Fund by 3.9% during the first quarter. Riverbridge Partners LLC now owns 31,835 shares of the financial services provider's stock worth $478,000 after buying an additional 1,198 shares during the last quarter. 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 managed by Invesco Ltd. The fund seeks to provide investors with a high level of current income while maintaining a focus on preserving capital.

The fund invests primarily in a diversified portfolio of fixed-income securities. Its holdings may include U.S. government and agency securities, corporate bonds, mortgage-backed and asset-backed securities, and debt issued by foreign governments and companies. The portfolio is managed to provide exposure to multiple areas of the bond market.

Invesco Bond Fund is designed for investors seeking income and diversified exposure to fixed-income markets through a publicly traded closed-end fund.

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