Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Trading 0.2% Higher – What’s Next?

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF)’s share price rose 0.2% during mid-day trading on Monday . The stock traded as high as $22.75 and last traded at $22.74. Approximately 165,169 shares changed hands during trading, an increase of 275% from the average daily volume of 44,026 shares. The stock had previously closed at $22.70.

Invesco High Yield Bond Factor ETF Stock Up 0.2%

The business has a fifty day moving average of $22.68 and a 200 day moving average of $22.69.

Invesco High Yield Bond Factor ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were paid a dividend of $0.1266 per share. The ex-dividend date was Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 6.7%.

Institutional Investors Weigh In On Invesco High Yield Bond Factor ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC increased its position in Invesco High Yield Bond Factor ETF by 762.8% during the second quarter. Jane Street Group LLC now owns 114,457 shares of the company’s stock worth $2,592,000 after buying an additional 101,191 shares during the last quarter. Invesco Ltd. lifted its position in shares of Invesco High Yield Bond Factor ETF by 32.1% in the second quarter. Invesco Ltd. now owns 1,901,083 shares of the company’s stock worth $43,060,000 after buying an additional 462,349 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Invesco High Yield Bond Factor ETF by 7.6% during the 2nd quarter. Osaic Holdings Inc. now owns 14,536 shares of the company’s stock worth $329,000 after acquiring an additional 1,030 shares in the last quarter. World Investment Advisors boosted its stake in shares of Invesco High Yield Bond Factor ETF by 4.0% during the 2nd quarter. World Investment Advisors now owns 51,938 shares of the company’s stock worth $1,176,000 after acquiring an additional 1,997 shares in the last quarter. Finally, Harbour Investments Inc. acquired a new position in shares of Invesco High Yield Bond Factor ETF during the 4th quarter valued at about $25,000.

Invesco High Yield Bond Factor ETF Company Profile

The Invesco High Yield Bond Factor ETF (IHYF) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively-managed fund designed to provide exposure to a broad selection of high yield, fixed income securities. IHYF was launched on Dec 2, 2020 and is managed by Invesco.