Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) shares saw unusually-high trading volume on Monday . Approximately 879,993 shares traded hands during mid-day trading, an increase of 224% from the previous session’s volume of 271,392 shares.The stock last traded at $18.27 and had previously closed at $18.21.

Invesco Fundamental High Yield Corporate Bond ETF Trading Down 0.2 %

The stock’s 50-day simple moving average is $18.20 and its 200 day simple moving average is $18.30.

Institutional Trading of Invesco Fundamental High Yield Corporate Bond ETF

Hedge funds have recently modified their holdings of the stock. Alliance Wealth Management Group lifted its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 2.0% in the 4th quarter. Alliance Wealth Management Group now owns 236,471 shares of the company’s stock worth $4,275,000 after purchasing an additional 4,528 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 2.1% during the 4th quarter. JPMorgan Chase & Co. now owns 28,618 shares of the company’s stock worth $517,000 after purchasing an additional 593 shares in the last quarter. Towercrest Capital Management increased its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 2.0% during the 4th quarter. Towercrest Capital Management now owns 236,471 shares of the company’s stock worth $4,275,000 after purchasing an additional 4,528 shares in the last quarter. LPL Financial LLC raised its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 4.7% in the fourth quarter. LPL Financial LLC now owns 786,369 shares of the company’s stock worth $14,218,000 after purchasing an additional 35,212 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 604.1% in the fourth quarter. TD Private Client Wealth LLC now owns 30,635 shares of the company’s stock valued at $554,000 after purchasing an additional 26,284 shares in 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.