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

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB)’s share price was up 0.2% on Friday. The stock traded as high as $18.28 and last traded at $18.27. Approximately 14,285 shares were traded during 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 Stock Performance

The stock has a 50-day simple moving average of $18.27 and a 200-day simple moving average of $18.23.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Revolve Wealth Partners LLC raised its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 1.9% during the 2nd quarter. Revolve Wealth Partners LLC now owns 320,350 shares of the company’s stock worth $5,859,000 after buying an additional 5,996 shares in the last quarter. Asset Allocation Strategies LLC lifted its position in Invesco Fundamental High Yield Corporate Bond ETF by 46.6% in the fourth quarter. Asset Allocation Strategies LLC now owns 296,950 shares of the company’s stock worth $5,523,000 after purchasing an additional 94,325 shares during the period. Bank of America Corp DE boosted its stake in Invesco Fundamental High Yield Corporate Bond ETF by 1.3% during the 1st quarter. Bank of America Corp DE now owns 271,355 shares of the company’s stock valued at $4,868,000 after purchasing an additional 3,577 shares in the last quarter. Colorado Capital Management Inc. raised its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 1.6% in the 2nd quarter. Colorado Capital Management Inc. now owns 240,471 shares of the company’s stock worth $4,398,000 after buying an additional 3,717 shares in the last quarter. Finally, Curry Webb Wealth Management LLC acquired a new position in Invesco Fundamental High Yield Corporate Bond ETF during the first quarter worth about $3,475,000.

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.