Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Shares Purchased by Alliance Wealth Management Group

Alliance Wealth Management Group increased its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,471 shares of the company’s stock after buying an additional 4,528 shares during the quarter. Invesco Fundamental High Yield Corporate Bond ETF accounts for about 1.1% of Alliance Wealth Management Group’s portfolio, making the stock its 28th largest position. Alliance Wealth Management Group’s holdings in Invesco Fundamental High Yield Corporate Bond ETF were worth $4,275,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 6.0% during the fourth quarter. Bank of New York Mellon Corp now owns 2,084,991 shares of the company’s stock worth $37,697,000 after buying an additional 118,308 shares during the period. LPL Financial LLC raised its stake in Invesco Fundamental High Yield Corporate Bond ETF by 4.7% in the 4th quarter. LPL Financial LLC now owns 786,369 shares of the company’s stock worth $14,218,000 after acquiring an additional 35,212 shares during the last quarter. Revolve Wealth Partners LLC lifted its position 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 acquiring an additional 15,804 shares during the period. Truist Financial Corp grew its stake in Invesco Fundamental High Yield Corporate Bond ETF by 41.8% during the 4th quarter. Truist Financial Corp now owns 288,146 shares of the company’s stock valued at $5,210,000 after purchasing an additional 84,927 shares during the last quarter. Finally, Towercrest Capital Management increased its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 2.0% in the fourth quarter. Towercrest Capital Management now owns 236,471 shares of the company’s stock valued at $4,275,000 after purchasing an additional 4,528 shares during the period.

Invesco Fundamental High Yield Corporate Bond ETF Price Performance

Invesco Fundamental High Yield Corporate Bond ETF stock opened at $18.06 on Tuesday. The stock has a 50-day moving average price of $18.21 and a 200 day moving average price of $18.27. Invesco Fundamental High Yield Corporate Bond ETF has a 52 week low of $17.68 and a 52 week high of $18.65.

Invesco Fundamental High Yield Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.0878 per share. The ex-dividend date was Monday, March 24th.

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.