Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Stock Price Down 0% – Here’s Why

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) shares traded down 0% during trading on Monday . The company traded as low as $22.72 and last traded at $22.74. 6,459 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 70,208 shares. The stock had previously closed at $22.75.

Invesco High Yield Bond Factor ETF Trading Down 0.0%

The company’s 50-day simple moving average is $22.62 and its 200-day simple moving average is $22.66.

Invesco High Yield Bond Factor ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.1299 dividend. This is a boost from Invesco High Yield Bond Factor ETF’s previous monthly dividend of $0.13. The ex-dividend date was Monday, December 22nd. This represents a c) annualized dividend and a yield of 6.9%.

Institutional Investors Weigh In On Invesco High Yield Bond Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. grew its stake in shares of Invesco High Yield Bond Factor ETF by 102.8% in the third quarter. Invesco Ltd. now owns 3,855,931 shares of the company’s stock valued at $87,935,000 after acquiring an additional 1,954,848 shares in the last quarter. Jane Street Group LLC boosted its holdings in Invesco High Yield Bond Factor ETF by 762.8% in the 2nd quarter. Jane Street Group LLC now owns 114,457 shares of the company’s stock valued at $2,592,000 after purchasing an additional 101,191 shares during the period. World Investment Advisors grew its position in shares of Invesco High Yield Bond Factor ETF by 1.0% during the 3rd quarter. World Investment Advisors now owns 52,457 shares of the company’s stock worth $1,196,000 after purchasing an additional 519 shares in the last quarter. Finally, Osaic Holdings Inc. increased 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 purchasing an additional 1,030 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.