Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Trading Down 0.1% – Should You Sell?

Shares of Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) were down 0.1% during mid-day trading on Tuesday . The company traded as low as $22.64 and last traded at $22.64. Approximately 4,928 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 28,096 shares. The stock had previously closed at $22.66.

Invesco High Yield Bond Factor ETF Trading Down 0.1%

The business has a fifty day simple moving average of $22.63 and a 200 day simple moving average of $22.64.

Invesco High Yield Bond Factor ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 24th were paid a dividend of $0.1276 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its holdings in shares of Invesco High Yield Bond Factor ETF by 7.6% during the second quarter. Osaic Holdings Inc. now owns 14,536 shares of the company’s stock worth $329,000 after buying an additional 1,030 shares in the last quarter. World Investment Advisors lifted its stake in shares of Invesco High Yield Bond Factor ETF by 4.0% during the second quarter. World Investment Advisors now owns 51,938 shares of the company’s stock valued at $1,176,000 after buying an additional 1,997 shares during the period. LPL Financial LLC boosted its position in Invesco High Yield Bond Factor ETF by 18.1% during the first quarter. LPL Financial LLC now owns 90,920 shares of the company’s stock worth $2,031,000 after acquiring an additional 13,946 shares during the last quarter. Jane Street Group LLC boosted 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 acquiring an additional 101,191 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Invesco High Yield Bond Factor ETF by 22.5% in the 1st quarter. Invesco Ltd. now owns 1,438,734 shares of the company’s stock worth $32,141,000 after acquiring an additional 263,957 shares during the period.

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.