Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Trading Down 0.3% – Should You Sell?

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) shares dropped 0.3% during trading on Friday . The company traded as low as $22.1199 and last traded at $22.1250. 987 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 36,080 shares. The stock had previously closed at $22.1950.

Invesco High Yield Bond Factor ETF Stock Performance

The stock has a 50 day moving average of $22.29 and a 200-day moving average of $22.32.

Hedge Funds Weigh In On Invesco High Yield Bond Factor ETF

Several institutional investors have recently added to or reduced their stakes in IHYF. Invesco Ltd. raised its position 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 worth $87,935,000 after acquiring an additional 1,954,848 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of 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 purchasing an additional 101,191 shares during the last quarter. LPL Financial LLC lifted 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 purchasing an additional 26,445 shares during the period. World Investment Advisors lifted its position in Invesco High Yield Bond Factor ETF by 9.4% during the first quarter. World Investment Advisors now owns 62,735 shares of the company’s stock valued at $1,384,000 after purchasing an additional 5,410 shares during the period. Finally, Avestar Capital LLC boosted 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 purchasing an additional 3,489 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.