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

Shares of Invesco Bond Fund (NYSE:VBF) passed 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 trading hands.

Invesco Bond Fund Price Performance

The firm has a 50 day moving average price of $14.50 and a 200-day moving average price of $14.81.

Invesco Bond Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.0695 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 5.9%. This is a boost from Invesco Bond Fund’s previous monthly dividend of $0.0665. The ex-dividend date is Wednesday, October 14th.

Institutional Trading of Invesco Bond Fund

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE acquired a new position in shares of Invesco Bond Fund during the 2nd quarter worth $1,023,000. Hara Capital LLC purchased a new position in shares of Invesco Bond Fund during the second quarter valued at approximately $932,000. Royal Bank of Canada increased 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 purchasing an additional 2,358 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Invesco Bond Fund by 686.0% during the first quarter. PNC Financial Services Group Inc. now owns 4,032 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 3,519 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in Invesco Bond Fund by 153.8% during the first quarter. Fifth Third Bancorp now owns 2,538 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 1,538 shares during the period. 43.73% of the stock is currently owned by hedge funds and other institutional investors.

About Invesco Bond Fund

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.