Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Stock Jumps 0.2% – Still a Buy?

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF)’s share price was up 0.2% on Friday. The company traded as high as $21.3950 and last traded at $21.3950. Approximately 586 shares changed hands during trading, a decline of 98% from the average daily volume of 36,080 shares. The stock had previously closed at $21.3550.

Invesco High Yield Bond Factor ETF Trading Up 0.2%

The business has a fifty day simple moving average of $21.95 and a two-hundred day simple moving average of $22.20.

Institutional Investors Weigh In On Invesco High Yield Bond Factor ETF

A hedge fund recently raised its stake in Invesco High Yield Bond Factor ETF stock. World Investment Advisors boosted its stake in shares of Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) by 9.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,735 shares of the company’s stock after purchasing an additional 5,410 shares during the quarter. World Investment Advisors owned about 0.94% of Invesco High Yield Bond Factor ETF worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.