Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG – Get Free Report) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 2,182 shares, a decrease of 93.9% from the February 26th total of 35,504 shares. Based on an average daily volume of 48,687 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company’s shares are sold short.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC increased its position in Invesco Fundamental Investment Grade Corporate Bond ETF by 28.8% during the fourth quarter. LPL Financial LLC now owns 478,311 shares of the company’s stock valued at $11,617,000 after acquiring an additional 106,911 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 8.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 270,980 shares of the company’s stock worth $6,554,000 after acquiring an additional 22,067 shares during the last quarter. Truist Financial Corp boosted its stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 27.0% during the 4th quarter. Truist Financial Corp now owns 209,109 shares of the company’s stock worth $5,079,000 after purchasing an additional 44,395 shares during the period. Arkadios Wealth Advisors purchased a new position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the 4th quarter worth about $2,406,000. Finally, Nikulski Financial Inc. grew its holdings in Invesco Fundamental Investment Grade Corporate Bond ETF by 162.7% during the 4th quarter. Nikulski Financial Inc. now owns 71,805 shares of the company’s stock valued at $1,744,000 after purchasing an additional 44,475 shares during the last quarter.
Invesco Fundamental Investment Grade Corporate Bond ETF Price Performance
Shares of NYSEARCA:PFIG traded down $0.13 during trading on Thursday, hitting $23.84. The company had a trading volume of 26,306 shares, compared to its average volume of 31,574. The company has a fifty day simple moving average of $24.25 and a two-hundred day simple moving average of $24.29. Invesco Fundamental Investment Grade Corporate Bond ETF has a one year low of $22.64 and a one year high of $26.96.
Invesco Fundamental Investment Grade Corporate Bond ETF Cuts Dividend
About Invesco Fundamental Investment Grade Corporate Bond ETF
The Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) is an exchange-traded fund that is based on the RAFI Bonds US Investment Grade 1-10 index. The fund tracks a fundamental-weighted index of investment-grade corporate bonds available in US markets. Issues are selected and weighted using RAFI scores based on financial statement metrics. PFIG was launched on Sep 15, 2011 and is managed by Invesco.
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