Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Trading Down 0% – What’s Next?

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) dropped 0% during mid-day trading on Monday . The company traded as low as $22.72 and last traded at $22.74. Approximately 6,459 shares changed hands during mid-day trading, a decline of 91% from the average daily 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 fifty day moving average is $22.62 and its 200 day moving average is $22.66.

Invesco High Yield Bond Factor ETF Increases Dividend

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

Hedge Funds Weigh In On Invesco High Yield Bond Factor ETF

Several hedge funds have recently modified their holdings of the stock. Invesco Ltd. raised its holdings in Invesco High Yield Bond Factor ETF by 102.8% during the third quarter. Invesco Ltd. now owns 3,855,931 shares of the company’s stock worth $87,935,000 after acquiring an additional 1,954,848 shares in the last quarter. World Investment Advisors increased 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 during the last quarter. Osaic Holdings Inc. raised its stake in shares of Invesco High Yield Bond Factor ETF by 7.6% during the 2nd quarter. Osaic Holdings Inc. now owns 14,536 shares of the company’s stock worth $329,000 after purchasing an additional 1,030 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Invesco High Yield Bond Factor ETF by 762.8% during the 2nd quarter. Jane Street Group LLC now owns 114,457 shares of the company’s stock worth $2,592,000 after purchasing an additional 101,191 shares in the last quarter.

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.