Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Stock Price Up 0.2%

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF)’s share price traded up 0.2% during mid-day trading on Wednesday . The company traded as high as $22.44 and last traded at $22.43. 2,447 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 14,936 shares. The stock had previously closed at $22.38.

Invesco High Yield Bond Factor ETF Stock Performance

The company’s 50-day moving average is $22.32 and its 200 day moving average is $22.20.

Invesco High Yield Bond Factor ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 19th will be paid a dividend of $0.138 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $1.66 annualized dividend and a yield of 7.36%.

Institutional Investors Weigh In On Invesco High Yield Bond Factor ETF

A hedge fund recently raised its stake in Invesco High Yield Bond Factor ETF stock. Avestar Capital LLC increased its stake in shares of Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) by 24.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,729 shares of the company’s stock after purchasing an additional 4,261 shares during the period. Avestar Capital LLC owned approximately 1.00% of Invesco High Yield Bond Factor ETF worth $486,000 as of its most recent filing with the Securities & Exchange Commission.

About Invesco High Yield Bond Factor ETF

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.