Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Trading Up 0.2% – What’s Next?

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB)’s share price was up 0.2% during mid-day trading on Monday . The stock traded as high as $18.28 and last traded at $18.27. Approximately 14,285 shares changed hands during 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’s 50-day simple moving average is $18.25 and its 200 day simple moving average is $18.36.

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

Institutional investors have recently bought and sold shares of the business. Revolve Wealth Partners LLC boosted its position in Invesco Fundamental High Yield Corporate Bond ETF by 5.3% during the 4th quarter. Revolve Wealth Partners LLC now owns 314,063 shares of the company’s stock valued at $5,678,000 after acquiring an additional 15,804 shares in the last quarter. Royal Bank of Canada raised its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 11.4% in the 1st quarter. Royal Bank of Canada now owns 54,784 shares of the company’s stock worth $989,000 after acquiring an additional 5,623 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF during the 1st quarter worth $1,720,000. Jane Street Group LLC lifted its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 24.9% during the 1st quarter. Jane Street Group LLC now owns 129,808 shares of the company’s stock worth $2,344,000 after purchasing an additional 25,869 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in Invesco Fundamental High Yield Corporate Bond ETF by 4.0% during the second quarter. Baird Financial Group Inc. now owns 86,109 shares of the company’s stock valued at $1,590,000 after purchasing an additional 3,338 shares in the last quarter.

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.