Invesco Bond Fund (NYSE:VBF) Shares Surpass 50-Day Moving Average

On Friday, shares of the Invesco Bond Fund (NYSE:VBF – Get Free Report) moved above their 50-day moving average, indicating a potentially positive shift in market sentiment. The 50-day moving average for this stock is currently at $15.66, and during trading, the share price reached a high of $15.99 before closing at $15.95. The trading volume was 22,376 shares, highlighting active interest from investors.

Invesco Bond Fund Stock Performance

The Invesco Bond Fund demonstrates a 50-day simple moving average of $15.66 and a longer-term 200-day moving average of $16.19. Such averages are crucial for investors looking to gauge the ongoing performance and potential trends of the stock.

Invesco Bond Fund Announces Dividend

Additionally, Invesco Bond Fund recently declared a monthly dividend payment. This dividend, amounting to $0.07 per share, was distributed on January 31, 2025. Shareholders who were on record as of January 17, 2025, received this dividend. The ex-dividend date also fell on January 17, which means that any purchases made after this date were not eligible for the dividend. The annualized dividend payout now stands at $0.84, equating to a yield of 5.27%, a notable return for income-focused investors.

Institutional Trading of Invesco Bond Fund

Recent shifts in institutional holdings indicate a growing interest in the Invesco Bond Fund. Notably, Oak Harbor Wealth Partners LLC increased its holdings by 2.6% during the third quarter, now owning 42,576 shares worth around $724,000 after adding 1,065 shares. WealthBridge Capital Management LLC significantly raised its stake by 41.3% in the same period, resulting in ownership of 93,758 shares valued at $1,595,000 following the acquisition of 27,407 additional shares. Furthermore, International Assets Investment Management LLC made substantial changes as well, boosting its ownership by 1,545.2%, now totaling 100,359 shares worth approximately $1,707,000 after acquiring 94,259 shares. Currently, institutional investors hold about 43.73% of the stock.

About Invesco Bond Fund

The Invesco Bond Fund is a closed-end fixed income mutual fund that was established by Invesco Ltd. It is co-managed by a team of experienced firms, which includes Invesco Advisers, Inc., INVESCO Asset Management in various regions, and INVESCO Senior Secured Management, Inc. This collaborative management style aims to optimize the fund's performance and maintain diversification in its investment strategies.

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