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

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF)’s stock price rose 0.2% on Friday. The company traded as high as $21.3950 and last traded at $21.3950. Approximately 586 shares were traded during mid-day 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 company’s fifty day simple moving average is $21.95 and its 200-day simple moving average is $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 increased its holdings 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 disclosure with the SEC. The institutional investor owned 62,735 shares of the company’s stock after purchasing an additional 5,410 shares during the period. World Investment Advisors owned 0.94% of Invesco High Yield Bond Factor ETF worth $1,384,000 as of its most recent SEC filing.

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.