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

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) was down 0.1% during trading on Thursday . The company traded as low as $18.60 and last traded at $18.62. 58,518 shares traded hands during mid-day 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 Trading Down 0.1%

The stock has a fifty day moving average price of $18.63 and a two-hundred day moving average price of $18.56.

Invesco Fundamental High Yield Corporate Bond ETF Increases Dividend

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

Institutional Investors Weigh In On 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. Asset Allocation Strategies LLC grew its position in Invesco Fundamental High Yield Corporate Bond ETF by 60.7% during the third quarter. Asset Allocation Strategies LLC now owns 202,625 shares of the company’s stock worth $3,765,000 after buying an additional 76,565 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,392,518 shares of the company’s stock valued at $25,706,000 after acquiring an additional 26,107 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF during the 2nd quarter valued at $129,000. Cetera Investment Advisers grew its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 14.5% during the 2nd quarter. Cetera Investment Advisers now owns 194,649 shares of the company’s stock worth $3,593,000 after purchasing an additional 24,591 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF during the 2nd quarter worth $2,652,000.

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.