Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Shares Down 0% – What’s Next?

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) shares dropped 0% on Wednesday . The stock traded as low as $18.0401 and last traded at $18.06. Approximately 16,222 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 105,104 shares. The stock had previously closed at $18.0604.

Invesco Fundamental High Yield Corporate Bond ETF Stock Down 0.0%

The company’s fifty day simple moving average is $18.17 and its two-hundred day simple moving average is $18.46.

Institutional Investors Weigh In On Invesco Fundamental High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tcfg Wealth Management LLC increased its stake in Invesco Fundamental High Yield Corporate Bond ETF by 1,755.9% in the 3rd quarter. Tcfg Wealth Management LLC now owns 220,706 shares of the company’s stock valued at $4,101,000 after buying an additional 208,814 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Invesco Fundamental High Yield Corporate Bond ETF by 5.3% in the 4th quarter. Revolve Wealth Partners LLC now owns 314,063 shares of the company’s stock valued at $5,678,000 after buying an additional 15,804 shares during the last quarter. Capital & Planning LLC acquired a new stake in Invesco Fundamental High Yield Corporate Bond ETF in the 4th quarter valued at $222,000. MBL Wealth LLC increased its stake in Invesco Fundamental High Yield Corporate Bond ETF by 6.4% in the 4th quarter. MBL Wealth LLC now owns 380,269 shares of the company’s stock valued at $7,073,000 after buying an additional 22,933 shares during the last quarter. Finally, Great Waters Wealth Management increased its stake in Invesco Fundamental High Yield Corporate Bond ETF by 3.4% in the 4th quarter. Great Waters Wealth Management now owns 48,629 shares of the company’s stock valued at $905,000 after buying an additional 1,599 shares during 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.