Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Stake Boosted by Islay Capital Management LLC

Islay Capital Management LLC raised its holdings in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) by 3.4% in the fourth quarter, Holdings Channel reports. The fund owned 211,545 shares of the company’s stock after buying an additional 6,907 shares during the period. Invesco Fundamental High Yield Corporate Bond ETF accounts for approximately 2.7% of Islay Capital Management LLC’s investment portfolio, making the stock its 8th largest holding. Islay Capital Management LLC’s holdings in Invesco Fundamental High Yield Corporate Bond ETF were worth $3,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of PHB. Rialto Wealth Management LLC acquired a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF during the 4th quarter valued at about $60,000. Jones Financial Companies Lllp boosted its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 579.0% in the 4th quarter. Jones Financial Companies Lllp now owns 10,001 shares of the company’s stock valued at $181,000 after purchasing an additional 8,528 shares during the last quarter. Capital & Planning LLC purchased a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF in the 4th quarter valued at approximately $292,000. JPMorgan Chase & Co. increased its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 2.1% during the 4th quarter. JPMorgan Chase & Co. now owns 28,618 shares of the company’s stock worth $517,000 after buying an additional 593 shares during the last quarter. Finally, Csenge Advisory Group grew its position in Invesco Fundamental High Yield Corporate Bond ETF by 37.6% in the fourth quarter. Csenge Advisory Group now owns 29,473 shares of the company’s stock worth $533,000 after acquiring an additional 8,046 shares during the period.

Invesco Fundamental High Yield Corporate Bond ETF Stock Performance

NYSEARCA:PHB opened at $17.73 on Friday. Invesco Fundamental High Yield Corporate Bond ETF has a 52 week low of $17.63 and a 52 week high of $18.65. The stock’s fifty day moving average is $18.19 and its two-hundred day moving average is $18.26.

Invesco Fundamental High Yield Corporate Bond ETF Cuts Dividend

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