Invesco Bond Income Plus (LON:BIPS) Shares Down 0.6% – Should You Sell?

Shares of Invesco Bond Income Plus Limited (LON:BIPS) traded down 0.6% during trading on Friday . The stock traded as low as GBX 164.19 ($2.06) and last traded at GBX 166.50 ($2.09). 1,819,743 shares traded hands during mid-day trading, an increase of 500% from the average session volume of 303,111 shares. The stock had previously closed at GBX 167.50 ($2.10).

Invesco Bond Income Plus Price Performance

The company has a market capitalization of £332.08 million, a price-to-earnings ratio of 832.50 and a beta of 0.40. The company has a fifty day simple moving average of GBX 172.03 and a two-hundred day simple moving average of GBX 171.37. The company has a debt-to-equity ratio of 12.95, a quick ratio of 0.09 and a current ratio of 0.31.

Invesco Bond Income Plus Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 17th were given a dividend of GBX 2.88 ($0.04) per share. The ex-dividend date was Thursday, October 17th. This represents a yield of 1.66%. Invesco Bond Income Plus’s dividend payout ratio (DPR) is presently 6,000.00%.

Insiders Place Their Bets

In other news, insider Heather MacCallum bought 8,000 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were acquired at an average cost of GBX 174 ($2.18) per share, with a total value of £13,920 ($17,450.17). 0.03% of the stock is owned by corporate insiders.

About Invesco Bond Income Plus

Invesco Bond Income Plus Limited is a closed-ended fixed income mutual fund launched and managed by Invesco Fund Managers Limited. It is co-managed by INVESCO Asset Management Limited. The fund invests in fixed income markets across the globe. It primarily invests in high yield fixed income securities including preference shares, convertible and redeemable loan stocks, corporate bonds, and government bonds.