Invesco Bond Fund (NYSE:VBF) Share Price Passes Above 50-Day Moving Average of $14.73

Invesco Bond Fund (NYSE:VBFGet Rating) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.73 and traded as high as $15.12. Invesco Bond Fund shares last traded at $15.08, with a volume of 44,254 shares traded.

Invesco Bond Fund Stock Up 1.5 %

The business’s 50 day moving average is $14.73 and its 200-day moving average is $15.51.

Invesco Bond Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.0655 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $0.79 annualized dividend and a dividend yield of 5.21%. This is a positive change from Invesco Bond Fund’s previous monthly dividend of $0.06.

Insider Transactions at Invesco Bond Fund

In other Invesco Bond Fund news, Portfolio Manager Todd Schomberg purchased 2,000 shares of the business’s stock in a transaction on Monday, November 14th. The stock was bought at an average cost of $14.64 per share, with a total value of $29,280.00. Following the acquisition, the portfolio manager now owns 3,000 shares of the company’s stock, valued at $43,920. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 20.31% of the company’s stock.

Hedge Funds Weigh In On Invesco Bond Fund

Hedge funds have recently added to or reduced their stakes in the company. 1607 Capital Partners LLC grew its stake in shares of Invesco Bond Fund by 7.1% in the third quarter. 1607 Capital Partners LLC now owns 858,566 shares of the financial services provider’s stock worth $12,372,000 after acquiring an additional 56,600 shares during the last quarter. UBS Group AG boosted its stake in Invesco Bond Fund by 14.7% during the third quarter. UBS Group AG now owns 49,280 shares of the financial services provider’s stock worth $710,000 after buying an additional 6,305 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Invesco Bond Fund by 66.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 147,567 shares of the financial services provider’s stock valued at $2,126,000 after acquiring an additional 58,654 shares during the period. Collaborative Wealth Managment Inc. bought a new position in shares of Invesco Bond Fund during the second quarter valued at $270,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Invesco Bond Fund by 13.3% during the second quarter. NewEdge Advisors LLC now owns 12,796 shares of the financial services provider’s stock valued at $208,000 after acquiring an additional 1,504 shares during the period. Institutional investors and hedge funds own 27.94% of the company’s stock.

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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