5 Popular Penny Stocks on Robinhood

3. Invesco Mortgage Capital Inc. (NYSE: IVR)

Number of Hedge Fund Holders: 14

Invesco Mortgage Capital Inc. (NYSE: IVR)  is a Georgia-based real estate investment trust that concentrates on investments related to mortgage securities. It is ranked third on our list of 10 popular penny stocks on Robinhood. The stock has returned 4% to investors in the past year. The company recently joined the Russell Microcap Index, improving the visibility of the firm to investors and boosting overall value. The stock is also one of the favorites of retail investors on Reddit, and there are reports that the firm is the subject of a short squeeze. 

Invesco Mortgage Capital Inc. (NYSE: IVR) is a solid investment option for those who want to earn a healthy income from stocks. On June 23, the firm declared a quarterly dividend of $0.09 per share, in line with previous. The forward yield was 8.93%. 

Out of the hedge funds being tracked by Insider Monkey, California-based firm Beach Point Capital Management is a leading shareholder in Invesco Mortgage Capital Inc. (NYSE: IVR) with 5.1 million shares worth more than $20 million.