Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Sees Strong Trading Volume

Shares of Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) saw an uptick in trading volume on Thursday . 458,538 shares changed hands during mid-day trading, an increase of 120% from the previous session’s volume of 208,560 shares.The stock last traded at $17.75 and had previously closed at $17.76.

Invesco Fundamental High Yield Corporate Bond ETF Price Performance

The stock’s 50-day moving average price is $18.00 and its 200 day moving average price is $17.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF during the fourth quarter worth approximately $31,000. Qube Research & Technologies Ltd acquired a new position in Invesco Fundamental High Yield Corporate Bond ETF during the 3rd quarter valued at $36,000. JPMorgan Chase & Co. bought a new stake in Invesco Fundamental High Yield Corporate Bond ETF in the 1st quarter valued at $49,000. ZRC Wealth Management LLC acquired a new stake in Invesco Fundamental High Yield Corporate Bond ETF in the 4th quarter worth $68,000. Finally, Patriot Investment Management Group Inc. bought a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF during the 4th quarter worth about $75,000.

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.