Raymond James & Associates Takes Position in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB)

Raymond James & Associates bought a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,826 shares of the company’s stock, valued at approximately $196,000.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in 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 worth $29,731,000 after purchasing an additional 1,522,863 shares during the period. Towercrest Capital Management boosted its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 1.5% in the third quarter. Towercrest Capital Management now owns 781,132 shares of the company’s stock worth $13,342,000 after buying an additional 11,336 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 28.6% during the third quarter. Envestnet Asset Management Inc. now owns 652,494 shares of the company’s stock valued at $11,145,000 after buying an additional 145,002 shares in the last quarter. LPL Financial LLC raised its position in Invesco Fundamental High Yield Corporate Bond ETF by 3.5% during the third quarter. LPL Financial LLC now owns 554,066 shares of the company’s stock valued at $9,463,000 after buying an additional 18,607 shares during the period. Finally, Revolve Wealth Partners LLC raised its position in Invesco Fundamental High Yield Corporate Bond ETF by 8.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 237,924 shares of the company’s stock valued at $4,314,000 after buying an additional 18,631 shares during the period.

Invesco Fundamental High Yield Corporate Bond ETF Stock Performance

Shares of NYSEARCA PHB opened at $17.84 on Thursday. Invesco Fundamental High Yield Corporate Bond ETF has a one year low of $16.75 and a one year high of $18.24. The business has a 50-day moving average price of $17.97 and a two-hundred day moving average price of $17.84.

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.