Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Stock Price Up 0.2% – Still a Buy?

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) shares rose 0.2% during mid-day trading on Friday. The company traded as high as $18.28 and last traded at $18.27. Approximately 14,285 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 105,104 shares. The stock had previously closed at $18.24.

Invesco Fundamental High Yield Corporate Bond ETF Stock Performance

The company has a 50 day moving average price of $18.27 and a 200 day moving average price of $18.26.

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

Hedge funds have recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC boosted its position in Invesco Fundamental High Yield Corporate Bond ETF by 1.9% during the second quarter. Revolve Wealth Partners LLC now owns 320,350 shares of the company’s stock worth $5,859,000 after purchasing an additional 5,996 shares during the period. Bank of America Corp DE increased its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 1.3% in the first quarter. Bank of America Corp DE now owns 271,355 shares of the company’s stock valued at $4,868,000 after purchasing an additional 3,577 shares during the last quarter. Colorado Capital Management Inc. raised its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 1.6% in the second quarter. Colorado Capital Management Inc. now owns 240,471 shares of the company’s stock valued at $4,398,000 after purchasing an additional 3,717 shares during the period. Curry Webb Wealth Management LLC bought a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF in the first quarter valued at about $3,475,000. Finally, Nwam LLC raised its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 3.6% in the first quarter. Nwam LLC now owns 44,714 shares of the company’s stock valued at $802,000 after purchasing an additional 1,541 shares during the period.

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.