Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Shares Up 0.2% – Time to Buy?

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF)’s stock price shot up 0.2% during trading on Thursday . The stock traded as high as $22.41 and last traded at $22.40. 13,666 shares changed hands during trading, a decline of 62% from the average session volume of 36,080 shares. The stock had previously closed at $22.3650.

Invesco High Yield Bond Factor ETF Trading Up 0.1%

The business has a 50-day moving average price of $22.32 and a two-hundred day moving average price of $22.36.

Institutional Investors Weigh In On Invesco High Yield Bond Factor ETF

Several large investors have recently added to or reduced their stakes in the stock. World Investment Advisors lifted its stake 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 during the last quarter. Invesco Ltd. grew its position in shares of Invesco High Yield Bond Factor ETF by 40.1% during the fourth quarter. Invesco Ltd. now owns 5,402,137 shares of the company’s stock worth $122,385,000 after acquiring an additional 1,546,206 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Invesco High Yield Bond Factor ETF by 23.8% in the 4th quarter. LPL Financial LLC now owns 137,514 shares of the company’s stock worth $3,115,000 after acquiring an additional 26,445 shares during the period. Avestar Capital LLC increased its holdings in shares of Invesco High Yield Bond Factor ETF by 8.4% in 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. Finally, Harbour Investments Inc. bought a new stake in Invesco High Yield Bond Factor ETF in the 4th quarter valued at about $25,000.

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.