Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Hits New 1-Year High – Here’s What Happened

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $18.91 and last traded at $18.28, with a volume of 201 shares trading hands. The stock had previously closed at $18.28.

Invesco Fundamental High Yield Corporate Bond ETF Stock Down 0.1 %

The company’s fifty day moving average price is $18.19 and its two-hundred day moving average price is $18.31.

Institutional Trading of Invesco Fundamental High Yield Corporate Bond ETF

A number of institutional investors have recently modified their holdings of PHB. Rialto Wealth Management LLC purchased a new stake in Invesco Fundamental High Yield Corporate Bond ETF during the fourth quarter worth about $60,000. CWM LLC lifted its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 257.9% during the 3rd quarter. CWM LLC now owns 4,188 shares of the company’s stock valued at $78,000 after acquiring an additional 3,018 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 579.0% during the 4th quarter. Jones Financial Companies Lllp now owns 10,001 shares of the company’s stock worth $181,000 after acquiring an additional 8,528 shares in the last quarter. Capital & Planning LLC acquired a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF in the 4th quarter worth approximately $292,000. Finally, JPMorgan Chase & Co. increased its stake in Invesco Fundamental High Yield Corporate Bond ETF by 2.1% in the 4th quarter. JPMorgan Chase & Co. now owns 28,618 shares of the company’s stock valued at $517,000 after purchasing an additional 593 shares in the last quarter.

Invesco Fundamental High Yield Corporate Bond ETF Company 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.