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

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) saw strong trading volume on Friday . 465,702 shares traded hands during trading, an increase of 143% from the previous session’s volume of 191,333 shares.The stock last traded at $18.30 and had previously closed at $18.35.

Invesco Fundamental High Yield Corporate Bond ETF Stock Down 0.2 %

The firm’s fifty day simple moving average is $18.33 and its 200-day simple moving average is $18.27.

Institutional Trading of Invesco Fundamental High Yield Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in PHB. CWM LLC lifted its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 257.9% during the 3rd quarter. CWM LLC now owns 4,188 shares of the company’s stock valued at $78,000 after buying an additional 3,018 shares in the last quarter. Code Waechter LLC bought a new stake in Invesco Fundamental High Yield Corporate Bond ETF in the third quarter worth about $224,000. Dynamic Advisor Solutions LLC lifted its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 3.8% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 25,782 shares of the company’s stock valued at $478,000 after buying an additional 932 shares in the last quarter. Moller Wealth Partners raised its position in shares of 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 worth $718,000 after acquiring an additional 720 shares in the last quarter. Finally, Wagner Wealth Management LLC grew its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 2.0% during the third quarter. Wagner Wealth Management LLC now owns 39,169 shares of the company’s stock valued at $726,000 after buying an additional 777 shares during 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.