Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Shares Down 0.1% – What’s Next?

Shares of Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) were down 0.1% during mid-day trading on Thursday . The company traded as low as $18.60 and last traded at $18.62. Approximately 58,518 shares traded hands during trading, a decline of 15% from the average daily volume of 69,105 shares. The stock had previously closed at $18.63.

Invesco Fundamental High Yield Corporate Bond ETF Stock Up 0.3%

The business has a fifty day moving average price of $18.63 and a 200 day moving average price of $18.57.

Invesco Fundamental High Yield Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were paid a $0.0887 dividend. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date was Tuesday, January 20th. This is a positive change from Invesco Fundamental High Yield Corporate Bond ETF’s previous monthly dividend of $0.09.

Institutional Trading of Invesco Fundamental High Yield Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Revolve Wealth Partners LLC lifted its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 5.3% in the fourth quarter. Revolve Wealth Partners LLC now owns 314,063 shares of the company’s stock worth $5,678,000 after purchasing an additional 15,804 shares in the last quarter. Royal Bank of Canada increased its stake in 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 valued at $989,000 after buying an additional 5,623 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in Invesco Fundamental High Yield Corporate Bond ETF during the 1st quarter worth about $1,720,000. Jane Street Group LLC lifted its position in 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 buying an additional 25,869 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF in the 2nd quarter valued at about $129,000.

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.