Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Shares Up 0.2% – Still a Buy?

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) shares traded up 0.2% during mid-day trading on Friday. The company traded as high as $18.28 and last traded at $18.27. 14,285 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 105,104 shares. The stock had previously closed at $18.24.

Invesco Fundamental High Yield Corporate Bond ETF Trading Up 0.2%

The business has a fifty day moving average price of $18.27 and a two-hundred day moving average price of $18.23.

Hedge Funds Weigh In On Invesco Fundamental High Yield Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Tcfg Wealth Management LLC lifted its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 5.3% in the 1st quarter. Tcfg Wealth Management LLC now owns 12,443 shares of the company’s stock worth $225,000 after purchasing an additional 630 shares during the last quarter. Nwam LLC grew its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 3.6% during the first quarter. Nwam LLC now owns 44,714 shares of the company’s stock valued at $802,000 after purchasing an additional 1,541 shares during the last quarter. Valley Wealth Managers Inc. raised its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 4.4% in the first quarter. Valley Wealth Managers Inc. now owns 43,846 shares of the company’s stock valued at $787,000 after purchasing an additional 1,841 shares during the period. CX Institutional bought a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF in the second quarter valued at approximately $46,000. Finally, Bank of America Corp DE lifted its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 1.3% in the first quarter. Bank of America Corp DE now owns 271,355 shares of the company’s stock worth $4,868,000 after buying an additional 3,577 shares during the last quarter.

About Invesco Fundamental High Yield Corporate Bond ETF

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.