Shares of Invesco Senior Income Trust (NYSE:VVR – Get Free Report) crossed above its 50 day moving average during trading on Friday. The stock has a 50 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 Price Performance
The company’s 50 day simple moving average is $2.88 and its 200-day simple moving average is $3.03.
Invesco Senior Income Trust Cuts Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a $0.0290 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 12.0%. This is a negative change from Invesco Senior Income Trust’s previous monthly dividend of $0.0290. The ex-dividend date of this dividend is Monday, November 16th.
Institutional Investors Weigh In On Invesco Senior Income Trust
A number of institutional investors have recently modified their holdings of VVR. Silverlake Wealth Management LLC bought a new position in Invesco Senior Income Trust in the 2nd quarter worth about $42,000. Wedbush Securities Inc. raised its stake in Invesco Senior Income Trust by 45.9% in the 2nd quarter. Wedbush Securities Inc. now owns 15,892 shares of the investment management company’s stock worth $48,000 after acquiring an additional 5,000 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Invesco Senior Income Trust during the third quarter valued at approximately $48,000. Tactive Advisors LLC purchased a new position in shares of Invesco Senior Income Trust during the third quarter worth $49,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Invesco Senior Income Trust in the 2nd quarter valued at about $54,000.
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.
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