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) shares saw unusually-high trading volume on Monday . Approximately 356,237 shares changed hands during trading, an increase of 456% from the previous session’s volume of 64,098 shares.The stock last traded at $18.15 and had previously closed at $18.14.

Invesco Fundamental High Yield Corporate Bond ETF Stock Up 0.1 %

The business’s 50 day moving average price is $18.25 and its 200-day moving average price is $18.29.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PHB. Private Advisor Group LLC bought a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF in the 2nd quarter valued at about $2,083,000. Darwin Wealth Management LLC bought a new position in Invesco Fundamental High Yield Corporate Bond ETF in the second quarter valued at approximately $1,808,000. Evergreen Capital Management LLC acquired a new stake in Invesco Fundamental High Yield Corporate Bond ETF during the 2nd quarter worth $11,907,000. Cetera Investment Advisers grew its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 79.1% during the second quarter. Cetera Investment Advisers now owns 75,820 shares of the company’s stock worth $1,362,000 after purchasing an additional 33,476 shares during the period. Finally, First International Bank & Trust increased its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 1.4% in the third quarter. First International Bank & Trust now owns 187,354 shares of the company’s stock valued at $3,474,000 after purchasing an additional 2,543 shares during the last quarter.

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.