Wells Fargo & Company MN trimmed its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) by 58.9% in the 1st quarter, Holdings Channel reports. The firm owned 6,061,323 shares of the company’s stock after selling 8,674,866 shares during the period. Wells Fargo & Company MN owned 0.16% of Invesco Fundamental High Yield Corporate Bond ETF worth $113,045,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Gravity Wealth Inc. purchased a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF during the first quarter valued at approximately $38,000. Deutsche Bank AG purchased a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF during the fourth quarter valued at approximately $56,000. Enterprise Financial Services Corp purchased a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF during the first quarter valued at approximately $101,000. Cedar Wealth Management LLC raised its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 3,223.1% during the first quarter. Cedar Wealth Management LLC now owns 8,341 shares of the company’s stock valued at $156,000 after purchasing an additional 8,090 shares during the last quarter. Finally, MRA Associates USA LLC purchased a new stake in Invesco Fundamental High Yield Corporate Bond ETF during the fourth quarter valued at approximately $165,000.

PHB stock traded up $0.08 during midday trading on Tuesday, reaching $18.62. 6,405 shares of the company’s stock traded hands, compared to its average volume of 500,306. Invesco Fundamental High Yield Corporate Bond ETF has a 52-week low of $17.45 and a 52-week high of $18.85.

The firm also recently announced a monthly dividend, which was paid on Friday, May 31st. Shareholders of record on Tuesday, May 21st were issued a dividend of $0.0649 per share. The ex-dividend date was Monday, May 20th. This represents a $0.78 dividend on an annualized basis and a yield of 4.18%.

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Want to see what other hedge funds are holding PHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB).

Institutional Ownership by Quarter for Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB)

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