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

Shares of Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) saw unusually-high trading volume on Friday . Approximately 465,702 shares traded hands during mid-day trading, an increase of 143% from the previous session’s volume of 191,333 shares.The stock last traded at $18.30 and had previously closed at $18.35.

Invesco Fundamental High Yield Corporate Bond ETF Price Performance

The stock has a 50 day moving average of $18.33 and a 200 day moving average of $18.28.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PHB. CWM LLC raised its stake in Invesco Fundamental High Yield Corporate Bond ETF by 257.9% during the third quarter. CWM LLC now owns 4,188 shares of the company’s stock worth $78,000 after acquiring an additional 3,018 shares in the last quarter. Code Waechter LLC bought a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF during the 3rd quarter valued at approximately $224,000. Dynamic Advisor Solutions LLC increased its position in Invesco Fundamental High Yield Corporate Bond ETF by 3.8% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 25,782 shares of the company’s stock worth $478,000 after purchasing an additional 932 shares in the last quarter. Moller Wealth Partners lifted its stake in Invesco Fundamental High Yield Corporate Bond ETF by 1.9% in the 3rd quarter. Moller Wealth Partners now owns 38,744 shares of the company’s stock valued at $718,000 after purchasing an additional 720 shares during the last quarter. Finally, Wagner Wealth Management LLC boosted its position in Invesco Fundamental High Yield Corporate Bond ETF by 2.0% in the third quarter. Wagner Wealth Management LLC now owns 39,169 shares of the company’s stock valued at $726,000 after buying an additional 777 shares in 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.