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

Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) shares saw strong trading volume on Friday . 465,702 shares changed hands during 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 Stock Performance

The company has a fifty day moving average price of $18.33 and a two-hundred day moving average price of $18.28.

Institutional Investors Weigh In On Invesco Fundamental High Yield Corporate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in PHB. Stifel Financial Corp lifted its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 4.9% during the third quarter. Stifel Financial Corp now owns 67,720 shares of the company’s stock worth $1,256,000 after purchasing an additional 3,187 shares during the period. Benjamin Edwards Inc. lifted its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 500.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 103,717 shares of the company’s stock worth $1,923,000 after buying an additional 86,430 shares during the period. Nwam LLC bought a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF in the 3rd quarter valued at about $793,000. Darwin Wealth Management LLC increased its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 55.5% in the third quarter. Darwin Wealth Management LLC now owns 156,473 shares of the company’s stock valued at $2,901,000 after buying an additional 55,844 shares during the period. Finally, Islay Capital Management LLC raised its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 3.6% during the third quarter. Islay Capital Management LLC now owns 204,638 shares of the company’s stock worth $3,794,000 after acquiring an additional 7,100 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.