Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Sees Large Volume Increase

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) shares saw unusually-strong trading volume on Thursday . Approximately 458,538 shares were traded during trading, an increase of 120% from the previous session’s volume of 208,560 shares.The stock last traded at $17.75 and had previously closed at $17.76.

Invesco Fundamental High Yield Corporate Bond ETF Trading Up 0.1 %

The stock has a fifty day moving average of $18.00 and a 200-day moving average of $17.78.

Institutional Trading of Invesco Fundamental High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 699.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,740,678 shares of the company’s stock valued at $29,731,000 after acquiring an additional 1,522,863 shares in the last quarter. Wells Fargo & Company MN boosted its position in Invesco Fundamental High Yield Corporate Bond ETF by 1.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,323,327 shares of the company’s stock valued at $22,655,000 after purchasing an additional 22,185 shares during the last quarter. PFS Investments Inc. bought a new position in Invesco Fundamental High Yield Corporate Bond ETF in the fourth quarter valued at approximately $18,260,000. Towercrest Capital Management increased its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 1.5% during the 3rd quarter. Towercrest Capital Management now owns 781,132 shares of the company’s stock worth $13,342,000 after purchasing an additional 11,336 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 28.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 652,494 shares of the company’s stock worth $11,145,000 after purchasing an additional 145,002 shares in 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.