Hobbs Group Advisors LLC Makes New $467,000 Investment in Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG)

Hobbs Group Advisors LLC acquired a new stake in shares of Invesco Fundamental Investment Grade Corporate Bond ETF (NYSEARCA:PFIG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,870 shares of the company’s stock, valued at approximately $467,000. Hobbs Group Advisors LLC owned approximately 0.86% of Invesco Fundamental Investment Grade Corporate Bond ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Breakwater Capital Group boosted its stake in Invesco Fundamental Investment Grade Corporate Bond ETF by 6.6% in the 4th quarter. Breakwater Capital Group now owns 30,877 shares of the company’s stock worth $725,000 after purchasing an additional 1,914 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 67.7% in the fourth quarter. Jones Financial Companies Lllp now owns 25,806 shares of the company’s stock valued at $606,000 after purchasing an additional 10,414 shares in the last quarter. Insight Advisors LLC PA boosted its position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF by 6.2% in the fourth quarter. Insight Advisors LLC PA now owns 23,764 shares of the company’s stock worth $559,000 after buying an additional 1,391 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of Invesco Fundamental Investment Grade Corporate Bond ETF during the fourth quarter valued at $187,000. Finally, Allworth Financial LP acquired a new position in Invesco Fundamental Investment Grade Corporate Bond ETF during the fourth quarter valued at $56,000.

Invesco Fundamental Investment Grade Corporate Bond ETF Price Performance

Shares of Invesco Fundamental Investment Grade Corporate Bond ETF stock opened at $23.84 on Friday. Invesco Fundamental Investment Grade Corporate Bond ETF has a 1 year low of $20.88 and a 1 year high of $25.20. The stock has a 50-day moving average price of $23.68 and a 200 day moving average price of $23.74.

Invesco Fundamental Investment Grade Corporate Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a $0.0738 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Invesco Fundamental Investment Grade Corporate Bond ETF Company Profile

The Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) is an exchange-traded fund that is based on the RAFI Bonds US Investment Grade 1-10 index. The fund tracks a fundamental-weighted index of investment-grade corporate bonds available in US markets. Issues are selected and weighted using RAFI scores based on financial statement metrics.