Invesco Senior Income Trust (NYSE:VVR) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

Invesco Senior Income Trust (NYSE:VVR)’s stock price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $2.88 and traded as high as $2.90. Invesco Senior Income Trust shares last traded at $2.8950, with a volume of 1,620,532 shares.

Invesco Senior Income Trust Stock Up 1.6%

The firm’s 50 day simple moving average is $2.88 and its two-hundred day simple moving average is $3.03.

Invesco Senior Income Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a dividend of $0.0290 per share. This is a drop from Invesco Senior Income Trust’s previous monthly dividend of $0.0290. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 12.0%.

Institutional Trading of Invesco Senior Income Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. bought a new stake in Invesco Senior Income Trust during the 2nd quarter valued at $617,000. Bank of America Corp DE acquired a new position in Invesco Senior Income Trust during the second quarter worth $8,028,000. EP Wealth Advisors LLC acquired a new position in Invesco Senior Income Trust during the second quarter worth $5,339,000. Icon Advisers Inc. Co. acquired a new position in Invesco Senior Income Trust during the first quarter worth $1,671,000. Finally, Fifth Third Bancorp bought a new position in shares of Invesco Senior Income Trust in the first quarter valued at $108,000.

Invesco Senior Income Trust Company Profile

Invesco Senior Income Trust (NYSE: VVR) is a closed-end management investment company that seeks to provide a high level of current income while preserving capital as a secondary objective. The fund is managed by Invesco Ltd., a global investment management firm.

The trust invests primarily in senior secured floating-rate loans and other debt obligations issued by companies. These investments generally include loans made to below-investment-grade or unrated borrowers, whose interest payments typically adjust periodically based on prevailing short-term interest rates.