Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB – Get Free Report) rose 0.2% during mid-day trading on Friday. The stock traded as high as $18.28 and last traded at $18.27. Approximately 14,285 shares were traded 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 Stock Performance
The firm’s fifty day moving average price is $18.27 and its 200-day moving average price is $18.26.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Revolve Wealth Partners LLC lifted its position in 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 acquiring an additional 5,996 shares during the last quarter. Colorado Capital Management Inc. boosted its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 1.6% during the second quarter. Colorado Capital Management Inc. now owns 240,471 shares of the company’s stock valued at $4,398,000 after acquiring an additional 3,717 shares during the period. CX Institutional bought a new stake in Invesco Fundamental High Yield Corporate Bond ETF during the second quarter valued at about $46,000. Curry Webb Wealth Management LLC acquired a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF in the first quarter valued at about $3,475,000. Finally, Bank of America Corp DE grew its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 1.3% in the first 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 during the last quarter.
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.
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