McAdam LLC Trims Stake in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB)

McAdam LLC decreased its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,391 shares of the company’s stock after selling 1,747 shares during the period. McAdam LLC owned 0.20% of Invesco Fundamental High Yield Corporate Bond ETF worth $1,283,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Raymond James & Associates acquired a new position in Invesco Fundamental High Yield Corporate Bond ETF in the 4th quarter valued at $196,000. Anfield Capital Management LLC boosted its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 198.8% in the fourth quarter. Anfield Capital Management LLC now owns 257,839 shares of the company’s stock worth $4,675,000 after acquiring an additional 171,541 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Invesco Fundamental High Yield Corporate Bond ETF by 244,545.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 225,074 shares of the company’s stock worth $4,081,000 after purchasing an additional 224,982 shares during the last quarter. Valley Wealth Managers Inc. raised its stake in Invesco Fundamental High Yield Corporate Bond ETF by 15.2% during the fourth quarter. Valley Wealth Managers Inc. now owns 40,688 shares of the company’s stock worth $738,000 after purchasing an additional 5,369 shares during the period. Finally, Foundations Investment Advisors LLC acquired a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF in the 4th quarter valued at $5,550,000.

Invesco Fundamental High Yield Corporate Bond ETF Stock Up 0.4 %

Shares of NYSEARCA PHB traded up $0.08 during trading on Friday, hitting $18.41. 93,865 shares of the company traded hands, compared to its average volume of 192,843. The company has a 50-day moving average price of $18.17 and a 200-day moving average price of $18.06. Invesco Fundamental High Yield Corporate Bond ETF has a 1 year low of $16.75 and a 1 year high of $18.44.

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.