Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Sees Large Volume Increase – Still a Buy?

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) shares saw unusually-high trading volume on Thursday . Approximately 321,103 shares traded hands during trading, an increase of 33% from the previous session’s volume of 241,814 shares.The stock last traded at $18.23 and had previously closed at $18.20.

Invesco Fundamental High Yield Corporate Bond ETF Stock Down 0.2 %

The stock has a 50-day simple moving average of $18.21 and a 200 day simple moving average of $18.30.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Valley Wealth Managers Inc. raised its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 10.9% in the 4th quarter. Valley Wealth Managers Inc. now owns 46,978 shares of the company’s stock valued at $849,000 after buying an additional 4,629 shares during the period. Truist Financial Corp increased its stake in Invesco Fundamental High Yield Corporate Bond ETF by 41.8% during the fourth quarter. Truist Financial Corp now owns 288,146 shares of the company’s stock worth $5,210,000 after purchasing an additional 84,927 shares during the period. Csenge Advisory Group lifted its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 37.6% during the fourth quarter. Csenge Advisory Group now owns 29,473 shares of the company’s stock worth $533,000 after purchasing an additional 8,046 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 2.9% in the fourth quarter. Vontobel Holding Ltd. now owns 211,321 shares of the company’s stock valued at $3,821,000 after purchasing an additional 5,940 shares during the period. Finally, Wagner Wealth Management LLC grew its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 5.6% in the fourth quarter. Wagner Wealth Management LLC now owns 41,354 shares of the company’s stock valued at $748,000 after purchasing an additional 2,185 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.