Advisors Preferred LLC Trims Stock Position in Invesco Fundamental High Yield Corporate Bond ETF $PHB

Advisors Preferred LLC trimmed its holdings in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) by 49.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 178,624 shares of the company’s stock after selling 173,614 shares during the period. Advisors Preferred LLC’s holdings in Invesco Fundamental High Yield Corporate Bond ETF were worth $3,296,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Blair William & Co. IL boosted its stake in Invesco Fundamental High Yield Corporate Bond ETF by 88.2% in the 1st quarter. Blair William & Co. IL now owns 4,985 shares of the company’s stock worth $90,000 after buying an additional 2,336 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF in the 2nd quarter valued at about $129,000. Banque Cantonale Vaudoise acquired a new stake in Invesco Fundamental High Yield Corporate Bond ETF during the 1st quarter worth approximately $196,000. Tcfg Wealth Management LLC purchased a new position in Invesco Fundamental High Yield Corporate Bond ETF in the second quarter valued at approximately $220,000. Finally, Capital & Planning LLC purchased a new stake in Invesco Fundamental High Yield Corporate Bond ETF during the second quarter worth approximately $233,000.

Invesco Fundamental High Yield Corporate Bond ETF Price Performance

Shares of PHB stock opened at $18.45 on Tuesday. The company’s fifty day simple moving average is $18.58 and its 200-day simple moving average is $18.38. Invesco Fundamental High Yield Corporate Bond ETF has a 52 week low of $17.33 and a 52 week high of $18.73.

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.