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

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) saw strong trading volume on Thursday . 321,103 shares were traded during 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 fifty 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 large investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp increased its position in Invesco Fundamental High Yield Corporate Bond ETF by 4.9% in the third quarter. Stifel Financial Corp now owns 67,720 shares of the company’s stock worth $1,256,000 after buying an additional 3,187 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 29.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,025 shares of the company’s stock worth $520,000 after purchasing an additional 6,331 shares in the last quarter. Benjamin Edwards Inc. boosted 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 worth $1,923,000 after purchasing an additional 86,430 shares during the period. Cetera Investment Advisers grew its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 79.1% during the 2nd quarter. Cetera Investment Advisers now owns 75,820 shares of the company’s stock valued at $1,362,000 after buying an additional 33,476 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 5.7% during the third quarter. Private Advisor Group LLC now owns 122,553 shares of the company’s stock valued at $2,272,000 after buying an additional 6,652 shares during 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.