Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Shares Down 0.2% – Here’s Why

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF)’s stock price was down 0.2% during mid-day trading on Monday . The company traded as low as $22.49 and last traded at $22.5071. Approximately 6,026 shares changed hands during trading, a decline of 83% from the average daily volume of 36,080 shares. The stock had previously closed at $22.5484.

Invesco High Yield Bond Factor ETF Stock Down 0.2%

The stock has a 50 day simple moving average of $22.69 and a two-hundred day simple moving average of $22.69.

Invesco High Yield Bond Factor ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were paid a dividend of $0.1266 per share. The ex-dividend date was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 6.7%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Harbour Investments Inc. acquired a new stake in shares of Invesco High Yield Bond Factor ETF during the fourth quarter worth about $25,000. Osaic Holdings Inc. raised its stake in 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 valued at $329,000 after acquiring an additional 1,030 shares during the last quarter. Avestar Capital LLC lifted its position in Invesco High Yield Bond Factor ETF by 8.4% during the 4th 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 period. World Investment Advisors lifted its position in 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 acquiring an additional 519 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of 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 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.