Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Sees Strong Trading Volume

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) saw an uptick in trading volume on Thursday . 458,538 shares were traded during trading, an increase of 120% from the previous session’s volume of 208,560 shares.The stock last traded at $17.75 and had previously closed at $17.76.

Invesco Fundamental High Yield Corporate Bond ETF Stock Performance

The company’s 50-day simple moving average is $18.02 and its 200-day simple moving average is $17.78.

Institutional Trading of Invesco Fundamental High Yield Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PHB. JPMorgan Chase & Co. purchased a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF in the first quarter valued at about $49,000. Bank of New York Mellon Corp boosted its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 277,074 shares of the company’s stock worth $5,090,000 after buying an additional 2,969 shares in the last quarter. Flow Traders U.S. LLC boosted its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 1,033.4% during the first quarter. Flow Traders U.S. LLC now owns 366,879 shares of the company’s stock worth $6,740,000 after buying an additional 334,508 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Invesco Fundamental High Yield Corporate Bond ETF during the first quarter worth about $628,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 107.3% during the first quarter. Geneos Wealth Management Inc. now owns 101,542 shares of the company’s stock worth $1,865,000 after buying an additional 52,568 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.