Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Shares Down 0% – Here’s Why

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB)’s stock price fell 0% on Wednesday . The company traded as low as $18.0401 and last traded at $18.06. 16,222 shares traded hands during trading, a decline of 85% from the average session volume of 105,104 shares. The stock had previously closed at $18.0604.

Invesco Fundamental High Yield Corporate Bond ETF Trading Down 0.1%

The business’s 50-day simple moving average is $18.17 and its two-hundred day simple moving average is $18.45.

Institutional Trading of Invesco Fundamental High Yield Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in Invesco Fundamental High Yield Corporate Bond ETF by 288.3% during the 4th quarter. Invesco Ltd. now owns 2,467,545 shares of the company’s stock valued at $45,896,000 after purchasing an additional 1,832,078 shares during the period. Wells Fargo & Company MN increased its position in Invesco Fundamental High Yield Corporate Bond ETF by 4.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,637,618 shares of the company’s stock valued at $30,460,000 after purchasing an additional 72,334 shares during the period. LPL Financial LLC increased its position in Invesco Fundamental High Yield Corporate Bond ETF by 5.4% during the 4th quarter. LPL Financial LLC now owns 991,421 shares of the company’s stock valued at $18,440,000 after purchasing an additional 50,851 shares during the period. Evergreen Capital Management LLC grew its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 2.9% during the 4th quarter. Evergreen Capital Management LLC now owns 668,581 shares of the company’s stock worth $12,436,000 after buying an additional 19,039 shares during the period. Finally, MBL Wealth LLC grew its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 6.4% during the 4th quarter. MBL Wealth LLC now owns 380,269 shares of the company’s stock worth $7,073,000 after buying an additional 22,933 shares during the period.

Invesco Fundamental High Yield Corporate Bond ETF Company 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.