Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Shares Down 0.1% – Should You Sell?

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB)’s stock price dropped 0.1% during trading on Thursday . The stock traded as low as $18.60 and last traded at $18.62. Approximately 58,518 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 69,105 shares. The stock had previously closed at $18.63.

Invesco Fundamental High Yield Corporate Bond ETF Trading Down 0.1%

The stock has a fifty day simple moving average of $18.63 and a 200-day simple moving average of $18.56.

Invesco Fundamental High Yield Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were issued a $0.0887 dividend. This represents a c) dividend on an annualized basis and a yield of 5.7%. This is a positive change from Invesco Fundamental High Yield Corporate Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Tuesday, January 20th.

Institutional Trading of Invesco Fundamental High Yield Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC boosted its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 5.3% in the 4th quarter. Revolve Wealth Partners LLC now owns 314,063 shares of the company’s stock valued at $5,678,000 after buying an additional 15,804 shares in the last quarter. Royal Bank of Canada raised its stake in Invesco Fundamental High Yield Corporate Bond ETF by 11.4% during the 1st quarter. Royal Bank of Canada now owns 54,784 shares of the company’s stock worth $989,000 after acquiring an additional 5,623 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Invesco Fundamental High Yield Corporate Bond ETF in the first quarter valued at $1,720,000. Jane Street Group LLC boosted its stake in Invesco Fundamental High Yield Corporate Bond ETF by 24.9% in the first quarter. Jane Street Group LLC now owns 129,808 shares of the company’s stock valued at $2,344,000 after acquiring an additional 25,869 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF during the second quarter worth about $129,000.

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.