Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Sees Large Volume Increase – Time to Buy?

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) saw an uptick in 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 Price Performance

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

Institutional Trading of Invesco Fundamental High Yield Corporate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Evergreen Capital Management LLC acquired a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF during the 2nd quarter valued at about $11,907,000. Cetera Investment Advisers grew its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 79.1% in the second quarter. Cetera Investment Advisers now owns 75,820 shares of the company’s stock valued at $1,362,000 after purchasing an additional 33,476 shares during the period. First International Bank & Trust increased its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 1.4% in the third quarter. First International Bank & Trust now owns 187,354 shares of the company’s stock valued at $3,474,000 after buying an additional 2,543 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of 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 buying an additional 932 shares during the period. Finally, CWM LLC lifted its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 257.9% during the 3rd quarter. CWM LLC now owns 4,188 shares of the company’s stock valued at $78,000 after buying an additional 3,018 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.