Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Sees Unusually-High Trading Volume – Here’s Why

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) shares saw unusually-strong trading volume on Thursday . Approximately 321,103 shares were traded during mid-day trading, an increase of 33% from the previous session’s volume of 241,814 shares.The stock last traded at $18.23 and had previously closed at $18.20.

Invesco Fundamental High Yield Corporate Bond ETF Price Performance

The business’s 50-day moving average is $18.21 and its two-hundred day moving average is $18.30.

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

A number of institutional investors have recently added to or reduced their stakes in PHB. Benjamin Edwards Inc. grew its stake in Invesco Fundamental High Yield Corporate Bond ETF by 500.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 103,717 shares of the company’s stock valued at $1,923,000 after acquiring an additional 86,430 shares during the last quarter. Truist Financial Corp raised its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 41.8% during the 4th quarter. Truist Financial Corp now owns 288,146 shares of the company’s stock worth $5,210,000 after purchasing an additional 84,927 shares during the last quarter. Darwin Wealth Management LLC lifted its stake in Invesco Fundamental High Yield Corporate Bond ETF by 55.5% in the 3rd quarter. Darwin Wealth Management LLC now owns 156,473 shares of the company’s stock valued at $2,901,000 after buying an additional 55,844 shares in the last quarter. Seros Financial LLC acquired a new stake in Invesco Fundamental High Yield Corporate Bond ETF during the 4th quarter valued at $990,000. Finally, Nwam LLC acquired a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF in the third quarter worth $793,000.

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.