Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Hits New 1-Year High at $18.44

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $18.44 and last traded at $18.44, with a volume of 21385 shares trading hands. The stock had previously closed at $18.36.

Invesco Fundamental High Yield Corporate Bond ETF Trading Up 0.3 %

The company’s 50-day simple moving average is $18.22 and its 200-day simple moving average is $18.07.

Hedge Funds Weigh In On Invesco Fundamental High Yield Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in PHB. Evergreen Capital Management LLC bought a new position in Invesco Fundamental High Yield Corporate Bond ETF in the 2nd quarter valued at approximately $11,907,000. Jane Street Group LLC bought a new stake in Invesco Fundamental High Yield Corporate Bond ETF in the first quarter valued at $7,577,000. Foundations Investment Advisors LLC acquired a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF during the fourth quarter worth approximately $5,550,000. Peninsula Wealth LLC bought a new position in Invesco Fundamental High Yield Corporate Bond ETF in the 1st quarter valued at about $4,173,000. Finally, Vantage Financial Partners Ltd. Inc. purchased a new position in Invesco Fundamental High Yield Corporate Bond ETF during the 4th quarter worth $3,785,000.

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.