Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Trading Up 0.3% – Here’s Why

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF)’s share price was up 0.3% during mid-day trading on Tuesday . The company traded as high as $22.40 and last traded at $22.40. Approximately 3,958 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 36,080 shares. The stock had previously closed at $22.33.

Invesco High Yield Bond Factor ETF Price Performance

The stock’s 50-day moving average price is $22.40 and its 200-day moving average price is $22.57.

Invesco High Yield Bond Factor ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were given a dividend of $0.1266 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date was Tuesday, January 20th.

Institutional Trading of Invesco High Yield Bond Factor ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. World Investment Advisors raised 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 purchasing an additional 4,868 shares during the period. Invesco Ltd. grew its position in shares of Invesco High Yield Bond Factor ETF by 40.1% during the fourth quarter. Invesco Ltd. now owns 5,402,137 shares of the company’s stock worth $122,385,000 after acquiring an additional 1,546,206 shares during the last quarter. LPL Financial LLC grew its position in shares of Invesco High Yield Bond Factor ETF by 23.8% during the fourth quarter. LPL Financial LLC now owns 137,514 shares of the company’s stock worth $3,115,000 after acquiring an additional 26,445 shares during the last quarter. Avestar Capital LLC grew its position in shares of Invesco High Yield Bond Factor ETF by 8.4% during the fourth quarter. Avestar Capital LLC now owns 45,075 shares of the company’s stock worth $1,021,000 after acquiring an additional 3,489 shares during the last quarter. Finally, Harbour Investments Inc. bought a new position in shares of Invesco High Yield Bond Factor ETF during the fourth quarter worth about $25,000.

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.