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

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) saw strong trading volume on Thursday . 441,891 shares changed hands during mid-day trading, an increase of 65% from the previous session’s volume of 268,292 shares.The stock last traded at $18.19 and had previously closed at $18.18.

Invesco Fundamental High Yield Corporate Bond ETF Stock Up 0.1 %

The business has a 50 day simple moving average of $18.24 and a 200-day simple moving average of $18.29.

Institutional Trading of Invesco Fundamental High Yield Corporate Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp lifted its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 4.9% during the third quarter. Stifel Financial Corp now owns 67,720 shares of the company’s stock worth $1,256,000 after purchasing an additional 3,187 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 500.0% in the third quarter. Benjamin Edwards Inc. now owns 103,717 shares of the company’s stock worth $1,923,000 after acquiring an additional 86,430 shares in the last quarter. Cetera Investment Advisers increased its position 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 acquiring an additional 33,476 shares during the period. Private Advisor Group LLC raised its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 5.7% in the third quarter. Private Advisor Group LLC now owns 122,553 shares of the company’s stock valued at $2,272,000 after acquiring an additional 6,652 shares in the last quarter. Finally, Moller Wealth Partners grew its stake in Invesco Fundamental High Yield Corporate Bond ETF by 1.9% during the 3rd quarter. Moller Wealth Partners now owns 38,744 shares of the company’s stock worth $718,000 after purchasing an additional 720 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.