1607 Capital Partners Amends Invesco Bond Fund Stake
Ticker: VBF · Form: SC 13G/A · Filed: Feb 8, 2024 · CIK: 5094
| Field | Detail |
|---|---|
| Company | Invesco Bond Fund (VBF) |
| Form Type | SC 13G/A |
| Filed Date | Feb 8, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, fund-holdings
TL;DR
**1607 Capital Partners just updated their Invesco Bond Fund holdings, signaling a potential shift in their investment.**
AI Summary
1607 Capital Partners, LLC, a Delaware-based investment advisor, filed an amended SC 13G/A on February 8, 2024, for its holdings in Invesco Bond Fund. This filing, dated for the event on December 31, 2023, indicates a change in their beneficial ownership of the Common stock (CUSIP 46132L107). This matters to investors because it provides transparency into significant institutional ownership changes, which can sometimes signal a shift in a major investor's confidence or strategy regarding the fund.
Why It Matters
This filing updates the public on 1607 Capital Partners' beneficial ownership in Invesco Bond Fund, offering insight into a key institutional investor's position. Such updates can influence market perception and investor sentiment towards the fund.
Risk Assessment
Risk Level: low — This filing is a routine update on institutional ownership and does not inherently indicate high risk, but rather provides transparency.
Analyst Insight
Investors should review the full SC 13G/A filing to understand the specific changes in 1607 Capital Partners' beneficial ownership percentage and share count in Invesco Bond Fund, as this could provide context for future fund performance or management decisions.
Key Players & Entities
- 1607 Capital Partners, LLC (company) — the reporting person and institutional investor
- Invesco Bond Fund (company) — the issuer whose securities are being reported
- Delaware (company) — place of organization for 1607 Capital Partners, LLC
- December 31, 2023 (date) — date of the event requiring the filing
- February 8, 2024 (date) — date the SC 13G/A was filed
FAQ
What is the purpose of this SC 13G/A filing by 1607 Capital Partners, LLC?
This SC 13G/A is an amendment (Amendment No. 1) to a previous Schedule 13G filing, indicating a change in the beneficial ownership information of 1607 Capital Partners, LLC regarding the Common stock of Invesco Bond Fund, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the 'reporting person' in this filing and what is their place of organization?
The reporting person is 1607 Capital Partners, LLC, and its place of organization is Delaware, United States, as stated on page 2 of 6 of the filing.
What is the CUSIP number for the class of securities reported in this filing?
The CUSIP number for the Common class of securities of Invesco Bond Fund is 46132L107, as indicated on the cover page and page 2 of 6 of the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page of the filing.
Under which rule of the Securities Exchange Act of 1934 was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the checked box on the cover page.
Filing Stats: 928 words · 4 min read · ~3 pages · Grade level 9.3 · Accepted 2024-02-08 13:55:42
Filing Documents
- vbf-123123a1.htm (SC 13G/A) — 51KB
- 0001172661-24-000582.txt ( ) — 53KB
(a)Name of Issuer
Item 1. (a)Name of Issuer Invesco Bond Fund (b)Address of Issuer’s Principal Executive Offices 1331 Spring Street NW, Suite 2500 Atlanta, GA 30309
(a)Name of Person Filing
Item 2. (a)Name of Person Filing 1607 Capital Partners, LLC (b)Address of Principal Business Office, or, if none, Residence 13 S. 13th Street, Suite 400 Richmond, Virginia 23219 (c)Citizenship Please refer to Item 4 on each cover sheet for each filing person (d)Title of Class of Securities Common (e) CUSIP No.: 46132L107 CUSIP No. 46132L107 SCHEDULE 13G/A Page 4 of 6 Pages
If
Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 46132L107 SCHEDULE 13G/A Page 5 of 6 Pages Item 4.Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 596,579 (b) Percent of class: 5.2% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 596,579 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 596,579 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the rep