Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Reaches New 1-Year High at $18.50

Shares of Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) reached a new 52-week high on Thursday . The stock traded as high as $18.50 and last traded at $18.47, with a volume of 2213 shares. The stock had previously closed at $18.46.

Invesco Fundamental High Yield Corporate Bond ETF Stock Performance

The business has a 50 day moving average of $18.27 and a 200-day moving average of $18.09.

Hedge Funds Weigh In On Invesco Fundamental High Yield Corporate Bond ETF

A number of large investors have recently bought and sold shares of the company. Foundations Investment Advisors LLC acquired a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF during the 4th quarter worth about $5,550,000. Wells Fargo & Company MN increased its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 3.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,299,234 shares of the company’s stock worth $23,555,000 after purchasing an additional 38,214 shares during the last quarter. ProVise Management Group LLC increased its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 11.8% during the 4th quarter. ProVise Management Group LLC now owns 14,378 shares of the company’s stock worth $261,000 after purchasing an additional 1,520 shares during the last quarter. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF during the 4th quarter worth approximately $3,785,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF in the 4th quarter valued at approximately $31,000.

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.