Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Trading 0.2% Higher – Here’s Why

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

Invesco Fundamental High Yield Corporate Bond ETF Price Performance

The firm’s 50 day simple moving average is $18.27 and its 200-day simple moving average is $18.25.

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

Several hedge funds have recently modified their holdings of the stock. Tcfg Wealth Management LLC lifted its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 5.3% during 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. Banque Cantonale Vaudoise grew its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 5.9% in the 3rd quarter. Banque Cantonale Vaudoise now owns 11,480 shares of the company’s stock valued at $213,000 after buying an additional 642 shares in the last quarter. UBS Group AG grew its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 1.9% in the 3rd quarter. UBS Group AG now owns 44,500 shares of the company’s stock valued at $827,000 after buying an additional 845 shares in the last quarter. &PARTNERS grew its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 8.3% in the 4th quarter. &PARTNERS now owns 19,245 shares of the company’s stock valued at $358,000 after buying an additional 1,472 shares in the last quarter. Finally, Nwam LLC increased its position in Invesco Fundamental High Yield Corporate Bond ETF by 3.6% during the 1st quarter. Nwam LLC now owns 44,714 shares of the company’s stock worth $802,000 after buying an additional 1,541 shares during the period.

Invesco Fundamental High Yield Corporate Bond ETF Company Profile

(Get Free Report)

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.

Further Reading

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