Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Stake Boosted by Islay Capital Management LLC

Islay Capital Management LLC increased its holdings in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 211,545 shares of the company’s stock after acquiring an additional 6,907 shares during the quarter. Invesco Fundamental High Yield Corporate Bond ETF makes up about 2.7% of Islay Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Islay Capital Management LLC owned approximately 0.59% of Invesco Fundamental High Yield Corporate Bond ETF worth $3,825,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 6.0% during the fourth quarter. Bank of New York Mellon Corp now owns 2,084,991 shares of the company’s stock valued at $37,697,000 after purchasing an additional 118,308 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 4.7% in the 4th quarter. Wells Fargo & Company MN now owns 1,341,646 shares of the company’s stock valued at $24,257,000 after acquiring an additional 59,924 shares during the period. LPL Financial LLC raised its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 4.7% in the 4th quarter. LPL Financial LLC now owns 786,369 shares of the company’s stock worth $14,218,000 after acquiring an additional 35,212 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Invesco Fundamental High Yield Corporate Bond ETF by 5.3% during the fourth quarter. Revolve Wealth Partners LLC now owns 314,063 shares of the company’s stock valued at $5,678,000 after purchasing an additional 15,804 shares in the last quarter. Finally, Truist Financial Corp grew its stake in Invesco Fundamental High Yield Corporate Bond ETF by 41.8% in the fourth quarter. Truist Financial Corp now owns 288,146 shares of the company’s stock valued at $5,210,000 after purchasing an additional 84,927 shares during the last quarter.

Invesco Fundamental High Yield Corporate Bond ETF Trading Down 1.2 %

NYSEARCA PHB opened at $17.73 on Friday. Invesco Fundamental High Yield Corporate Bond ETF has a 52 week low of $17.63 and a 52 week high of $18.65. The company has a 50 day moving average price of $18.19 and a 200 day moving average price of $18.26.

Invesco Fundamental High Yield Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a $0.0878 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Invesco Fundamental High Yield Corporate Bond ETF Profile

The Invesco Fundamental High Yield Corporate Bond ETF (PHB) is an exchange-traded fund that is based on the RAFI Bonds US High Yield 1-10 index. The fund tracks a fundamental-weighted index of high-yield US corporate bonds that must be rated between B3\u002FB- and Ba1\u002FBB+. PHB was launched on Nov 15, 2007 and is managed by Invesco.