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

Shares of Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) fell 0.1% during mid-day trading on Thursday . The stock traded as low as $18.60 and last traded at $18.62. 58,518 shares traded hands during mid-day trading, a decline of 15% from the average session 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 business 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 company also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were paid a $0.0887 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) annualized dividend and a yield of 5.7%. This is an increase from Invesco Fundamental High Yield Corporate Bond ETF’s previous monthly dividend of $0.09.

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

Several hedge funds and other institutional investors have recently modified their holdings of PHB. Asset Allocation Strategies LLC lifted its position in Invesco Fundamental High Yield Corporate Bond ETF by 60.7% during the third quarter. Asset Allocation Strategies LLC now owns 202,625 shares of the company’s stock worth $3,765,000 after buying an additional 76,565 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,392,518 shares of the company’s stock worth $25,706,000 after acquiring an additional 26,107 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF in the 2nd quarter worth $129,000. Cetera Investment Advisers raised its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 14.5% during the 2nd quarter. Cetera Investment Advisers now owns 194,649 shares of the company’s stock worth $3,593,000 after acquiring an additional 24,591 shares during the period. Finally, Global Retirement Partners LLC acquired a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF during the 2nd quarter valued at about $2,652,000.

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.