Wells Fargo & Company MN Acquires 59,924 Shares of Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB)

Wells Fargo & Company MN boosted its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) by 4.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,341,646 shares of the company’s stock after buying an additional 59,924 shares during the period. Wells Fargo & Company MN’s holdings in Invesco Fundamental High Yield Corporate Bond ETF were worth $24,257,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Alliance Wealth Management Group lifted its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 2.0% in the fourth quarter. Alliance Wealth Management Group now owns 236,471 shares of the company’s stock worth $4,275,000 after buying an additional 4,528 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 2.1% in the 4th quarter. JPMorgan Chase & Co. now owns 28,618 shares of the company’s stock worth $517,000 after acquiring an additional 593 shares during the period. Towercrest Capital Management lifted its position in Invesco Fundamental High Yield Corporate Bond ETF by 2.0% during the 4th quarter. Towercrest Capital Management now owns 236,471 shares of the company’s stock worth $4,275,000 after acquiring an additional 4,528 shares during the last quarter. LPL Financial LLC boosted its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 4.7% during the fourth quarter. LPL Financial LLC now owns 786,369 shares of the company’s stock valued at $14,218,000 after acquiring an additional 35,212 shares during the period. Finally, TD Private Client Wealth LLC grew its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 604.1% in the fourth quarter. TD Private Client Wealth LLC now owns 30,635 shares of the company’s stock valued at $554,000 after purchasing an additional 26,284 shares during the last quarter.

Invesco Fundamental High Yield Corporate Bond ETF Trading Up 0.3 %

Invesco Fundamental High Yield Corporate Bond ETF stock opened at $17.62 on Friday. Invesco Fundamental High Yield Corporate Bond ETF has a 52 week low of $17.33 and a 52 week high of $18.65. The business’s 50-day simple moving average is $18.11 and its 200-day simple moving average is $18.22.

Invesco Fundamental High Yield Corporate Bond ETF Cuts Dividend

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

Invesco Fundamental High Yield Corporate Bond ETF 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.