Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) Stock Jumps 0.2% – Still a Buy?

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB)’s share price was up 0.2% on Friday. The company traded as high as $18.28 and last traded at $18.27. 14,285 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 105,104 shares. The stock had previously closed at $18.24.

Invesco Fundamental High Yield Corporate Bond ETF Price Performance

The firm’s 50 day simple moving average is $18.27 and its 200-day simple moving average is $18.26.

Hedge Funds Weigh In On Invesco Fundamental High Yield Corporate Bond ETF

Hedge funds have recently modified their holdings of the stock. CX Institutional bought a new stake in Invesco Fundamental High Yield Corporate Bond ETF during the second quarter worth about $46,000. Private Advisor Group LLC acquired a new position in Invesco Fundamental High Yield Corporate Bond ETF during the first quarter valued at approximately $187,000. Tcfg Wealth Management LLC grew its stake in Invesco Fundamental High Yield Corporate Bond ETF by 5.3% in the first quarter. Tcfg Wealth Management LLC now owns 12,443 shares of the company’s stock valued at $225,000 after purchasing an additional 630 shares in the last quarter. Banque Cantonale Vaudoise grew its stake in Invesco Fundamental High Yield Corporate Bond ETF by 56.2% in the first quarter. Banque Cantonale Vaudoise now owns 17,125 shares of the company’s stock valued at $307,000 after purchasing an additional 6,165 shares in the last quarter. Finally, Fifth Third Bancorp bought a new position in Invesco Fundamental High Yield Corporate Bond ETF in the first quarter valued at approximately $403,000.

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.