Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Sees Strong Trading Volume – Should You Buy?

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) saw strong trading volume on Monday . 356,237 shares were traded during trading, an increase of 456% from the previous session’s volume of 64,098 shares.The stock last traded at $18.15 and had previously closed at $18.14.

Invesco Fundamental High Yield Corporate Bond ETF Stock Up 0.1 %

The business has a 50 day moving average of $18.26 and a 200-day moving average of $18.29.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp raised its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 4.9% in the 3rd quarter. Stifel Financial Corp now owns 67,720 shares of the company’s stock valued at $1,256,000 after acquiring an additional 3,187 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 500.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 103,717 shares of the company’s stock valued at $1,923,000 after acquiring an additional 86,430 shares during the last quarter. Cetera Investment Advisers raised its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 79.1% in the 2nd quarter. Cetera Investment Advisers now owns 75,820 shares of the company’s stock valued at $1,362,000 after acquiring an additional 33,476 shares during the last quarter. Moller Wealth Partners raised its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 1.9% in the 3rd quarter. Moller Wealth Partners now owns 38,744 shares of the company’s stock valued at $718,000 after acquiring an additional 720 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 5.7% in the 3rd quarter. Private Advisor Group LLC now owns 122,553 shares of the company’s stock valued at $2,272,000 after acquiring an additional 6,652 shares during 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.