Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Shares Up 0.2% – What’s Next?

Shares of Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) were up 0.2% during trading on Monday . The stock traded as high as $18.28 and last traded at $18.27. 14,285 shares traded hands 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 Price Performance

The company’s 50 day simple moving average is $18.25 and its 200 day simple moving average is $18.36.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Revolve Wealth Partners LLC increased its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 5.3% during the 4th 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 during the period. Royal Bank of Canada boosted its stake in shares of 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 period. Goldman Sachs Group Inc. purchased a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF in the 1st quarter valued at about $1,720,000. Jane Street Group LLC grew its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 24.9% during the first 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, Baird Financial Group Inc. grew its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 4.0% during the second quarter. Baird Financial Group Inc. now owns 86,109 shares of the company’s stock worth $1,590,000 after buying an additional 3,338 shares in the last quarter.

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.