Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Trading Up 0.2% – Should You Buy?

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

Invesco High Yield Bond Factor ETF Stock Performance

The firm has a 50 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. Investors of record on Tuesday, January 20th were given a $0.1266 dividend. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Tuesday, January 20th.

Institutional Investors Weigh In On Invesco High Yield Bond Factor ETF

Institutional investors have recently added to or reduced their stakes in the stock. Harbour Investments Inc. bought a new stake in shares of Invesco High Yield Bond Factor ETF in the 4th quarter valued at approximately $25,000. World Investment Advisors lifted its position in shares of Invesco High Yield Bond Factor ETF by 9.3% during the 4th quarter. World Investment Advisors now owns 57,325 shares of the company’s stock worth $1,299,000 after buying an additional 4,868 shares during the period. Invesco Ltd. boosted its stake in Invesco High Yield Bond Factor ETF by 102.8% in the 3rd quarter. Invesco Ltd. now owns 3,855,931 shares of the company’s stock valued at $87,935,000 after buying an additional 1,954,848 shares in the last quarter. Osaic Holdings Inc. grew its position in Invesco High Yield Bond Factor ETF by 7.6% in the second quarter. Osaic Holdings Inc. now owns 14,536 shares of the company’s stock valued at $329,000 after acquiring an additional 1,030 shares during the period. Finally, Jane Street Group LLC grew its position in Invesco High Yield Bond Factor ETF by 762.8% in the second quarter. Jane Street Group LLC now owns 114,457 shares of the company’s stock valued at $2,592,000 after acquiring an additional 101,191 shares during the period.

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.