Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Sees Unusually-High Trading Volume – Still a Buy?

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) shares saw strong trading volume on Wednesday . 389,375 shares changed hands during mid-day trading, an increase of 100% from the previous session’s volume of 195,084 shares.The stock last traded at $18.40 and had previously closed at $18.39.

Invesco Fundamental High Yield Corporate Bond ETF Stock Up 0.1 %

The firm’s fifty day moving average is $18.34 and its 200-day moving average is $18.26.

Institutional Trading of Invesco Fundamental High Yield Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in PHB. Alliance Wealth Management Group increased its stake in Invesco Fundamental High Yield Corporate Bond ETF by 2.3% during the second quarter. Alliance Wealth Management Group now owns 235,393 shares of the company’s stock valued at $4,230,000 after purchasing an additional 5,249 shares during the last quarter. Prairiewood Capital LLC grew its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 5.3% during the second quarter. Prairiewood Capital LLC now owns 48,096 shares of the company’s stock worth $864,000 after acquiring an additional 2,414 shares during the last quarter. MBL Wealth LLC grew its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 11.9% during the second quarter. MBL Wealth LLC now owns 347,188 shares of the company’s stock worth $6,239,000 after acquiring an additional 36,783 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 11.3% during the second quarter. Revolve Wealth Partners LLC now owns 270,751 shares of the company’s stock worth $4,865,000 after acquiring an additional 27,400 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 1,858,436 shares of the company’s stock worth $33,396,000 after acquiring an additional 118,716 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.