Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) Raises Dividend to $0.13 Per Share

Invesco High Yield Bond Factor ETF (NASDAQ:IHYF) declared a monthly dividend on Monday, November 20th, NASDAQ reports. Stockholders of record on Tuesday, November 21st will be given a dividend of 0.1297 per share on Friday, November 24th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.24%. The ex-dividend date is Monday, November 20th. This is a boost from Invesco High Yield Bond Factor ETF’s previous monthly dividend of $0.13.

Invesco High Yield Bond Factor ETF Price Performance

Invesco High Yield Bond Factor ETF stock opened at $21.48 on Tuesday. Invesco High Yield Bond Factor ETF has a 12-month low of $20.78 and a 12-month high of $22.25. The firm has a 50 day moving average of $21.23 and a 200 day moving average of $21.40.

Institutional Trading of Invesco High Yield Bond Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC raised its holdings in Invesco High Yield Bond Factor ETF by 429.4% during the first quarter. LPL Financial LLC now owns 92,094 shares of the company’s stock valued at $1,984,000 after acquiring an additional 74,697 shares during the period. Jane Street Group LLC bought a new position in shares of Invesco High Yield Bond Factor ETF during the first quarter worth $1,734,000. Finally, Equitable Holdings Inc. bought a new stake in Invesco High Yield Bond Factor ETF in the 2nd quarter valued at $575,000.

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.