Towercrest Capital Management Cuts Stake in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB)

Towercrest Capital Management lowered its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,943 shares of the company’s stock after selling 3,450 shares during the quarter. Towercrest Capital Management owned approximately 0.65% of Invesco Fundamental High Yield Corporate Bond ETF worth $4,300,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PHB. Moller Wealth Partners grew its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 1.9% during the 3rd quarter. Moller Wealth Partners now owns 38,744 shares of the company’s stock valued at $718,000 after buying an additional 720 shares in the last quarter. Wagner Wealth Management LLC grew its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 2.0% during the 3rd quarter. Wagner Wealth Management LLC now owns 39,169 shares of the company’s stock valued at $726,000 after buying an additional 777 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 3.8% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 25,782 shares of the company’s stock valued at $478,000 after buying an additional 932 shares in the last quarter. Prairiewood Capital LLC grew its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 5.3% during the 2nd quarter. Prairiewood Capital LLC now owns 48,096 shares of the company’s stock valued at $864,000 after buying an additional 2,414 shares in the last quarter. Finally, First International Bank & Trust grew its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 1.4% during the 3rd quarter. First International Bank & Trust now owns 187,354 shares of the company’s stock valued at $3,474,000 after buying an additional 2,543 shares in the last quarter.

Invesco Fundamental High Yield Corporate Bond ETF Stock Performance

Shares of Invesco Fundamental High Yield Corporate Bond ETF stock opened at $18.23 on Friday. The stock has a 50 day moving average price of $18.38 and a 200-day moving average price of $18.24. Invesco Fundamental High Yield Corporate Bond ETF has a one year low of $17.52 and a one year high of $18.65.

Invesco Fundamental High Yield Corporate Bond ETF 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.