Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Sets New 12-Month High – Here’s Why

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $18.91 and last traded at $18.28, with a volume of 201 shares. The stock had previously closed at $18.28.

Invesco Fundamental High Yield Corporate Bond ETF Trading Up 0.1 %

The company’s fifty day moving average is $18.18 and its 200-day moving average is $18.31.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 257.9% during the third quarter. CWM LLC now owns 4,188 shares of the company’s stock worth $78,000 after purchasing an additional 3,018 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 3.7% in the 3rd quarter. Foundations Investment Advisors LLC now owns 338,566 shares of the company’s stock valued at $6,277,000 after purchasing an additional 12,158 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 5.7% in the 3rd quarter. Private Advisor Group LLC now owns 122,553 shares of the company’s stock valued at $2,272,000 after purchasing an additional 6,652 shares during the last quarter. Valley Wealth Managers Inc. lifted its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 13.4% in the 3rd quarter. Valley Wealth Managers Inc. now owns 42,349 shares of the company’s stock worth $785,000 after acquiring an additional 5,010 shares during the last quarter. Finally, Islay Capital Management LLC lifted its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 3.6% in the 3rd quarter. Islay Capital Management LLC now owns 204,638 shares of the company’s stock worth $3,794,000 after acquiring an additional 7,100 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.