Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Sees Strong Trading Volume – Here’s What Happened

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) shares saw strong trading volume on Monday . 356,237 shares were traded during trading, an increase of 456% from the previous session’s volume of 64,098 shares.The stock last traded at $18.15 and had previously closed at $18.14.

Invesco Fundamental High Yield Corporate Bond ETF Stock Up 0.1 %

The business’s fifty day simple moving average is $18.25 and its two-hundred day simple moving average is $18.29.

Institutional Trading of Invesco Fundamental High Yield Corporate Bond ETF

A number of hedge funds have recently modified their holdings of PHB. CWM LLC lifted its stake in 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 during the period. Code Waechter LLC bought a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF during the 3rd quarter worth approximately $224,000. Dynamic Advisor Solutions LLC boosted its stake in Invesco Fundamental High Yield Corporate Bond ETF by 3.8% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 25,782 shares of the company’s stock valued at $478,000 after buying an additional 932 shares in the last quarter. JPMorgan Chase & Co. grew its position in Invesco Fundamental High Yield Corporate Bond ETF by 29.2% in the third quarter. JPMorgan Chase & Co. now owns 28,025 shares of the company’s stock valued at $520,000 after acquiring an additional 6,331 shares during the period. Finally, Moller Wealth Partners raised its stake in Invesco Fundamental High Yield Corporate Bond ETF by 1.9% during the third quarter. Moller Wealth Partners now owns 38,744 shares of the company’s stock worth $718,000 after acquiring an additional 720 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.