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 an uptick in trading volume on Friday . 465,702 shares changed hands during mid-day trading, an increase of 143% from the previous session’s volume of 191,333 shares.The stock last traded at $18.30 and had previously closed at $18.35.

Invesco Fundamental High Yield Corporate Bond ETF Trading Down 0.2 %

The firm has a 50-day simple moving average of $18.33 and a two-hundred day simple moving average of $18.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 6.8% in the second quarter. Bank of New York Mellon Corp now owns 1,858,436 shares of the company’s stock worth $33,396,000 after purchasing an additional 118,716 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in Invesco Fundamental High Yield Corporate Bond ETF during the 2nd quarter worth $11,907,000. Anfield Capital Management LLC grew its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 40.8% in the second quarter. Anfield Capital Management LLC now owns 533,652 shares of the company’s stock valued at $9,590,000 after purchasing an additional 154,522 shares during the last quarter. MBL Wealth LLC increased its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 11.9% in the second quarter. MBL Wealth LLC now owns 347,188 shares of the company’s stock worth $6,239,000 after purchasing an additional 36,783 shares during the period. Finally, Foundations Investment Advisors LLC lifted its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 3.7% during the third quarter. Foundations Investment Advisors LLC now owns 338,566 shares of the company’s stock worth $6,277,000 after buying an additional 12,158 shares during 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.