Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Trading Up 0.3% – Time to Buy?

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF)’s share price was up 0.3% during trading on Wednesday . The stock traded as high as $22.39 and last traded at $22.3850. Approximately 12,596 shares changed hands during trading, a decline of 65% from the average daily volume of 36,080 shares. The stock had previously closed at $22.32.

Invesco High Yield Bond Factor ETF Trading Up 0.3%

The firm has a 50-day moving average of $22.27 and a two-hundred day moving average of $22.50.

Hedge Funds Weigh In On Invesco High Yield Bond Factor ETF

Several institutional investors have recently made changes to their positions in IHYF. Invesco Ltd. lifted its stake in shares of 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 purchasing an additional 1,954,848 shares during the period. Jane Street Group LLC grew 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 valued at $2,592,000 after buying an additional 101,191 shares during the period. LPL Financial LLC grew its position in 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 valued at $3,115,000 after buying an additional 26,445 shares during the period. World Investment Advisors increased its holdings in Invesco High Yield Bond Factor ETF by 9.4% in the first quarter. World Investment Advisors now owns 62,735 shares of the company’s stock valued at $1,384,000 after buying an additional 5,410 shares in the last quarter. Finally, Avestar Capital LLC increased its holdings in Invesco High Yield Bond Factor ETF by 8.4% in the fourth quarter. Avestar Capital LLC now owns 45,075 shares of the company’s stock valued at $1,021,000 after buying an additional 3,489 shares in the last quarter.

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.