HighTower Advisors LLC Decreases Holdings in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB)

HighTower Advisors LLC trimmed its stake in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) by 12.2% during the third quarter, Holdings Channel reports. The fund owned 42,217 shares of the company’s stock after selling 5,845 shares during the period. HighTower Advisors LLC’s holdings in Invesco Fundamental High Yield Corporate Bond ETF were worth $784,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. CWM LLC increased its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 257.9% in the third quarter. CWM LLC now owns 4,188 shares of the company’s stock worth $78,000 after purchasing an additional 3,018 shares in the last quarter. Code Waechter LLC bought a new position in Invesco Fundamental High Yield Corporate Bond ETF in the 3rd quarter worth approximately $224,000. Dynamic Advisor Solutions LLC grew its stake in Invesco Fundamental High Yield Corporate Bond ETF by 3.8% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 25,782 shares of the company’s stock valued at $478,000 after buying an additional 932 shares in the last quarter. Moller Wealth Partners raised its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 1.9% during the 3rd quarter. Moller Wealth Partners now owns 38,744 shares of the company’s stock valued at $718,000 after acquiring an additional 720 shares during the period. Finally, Wagner Wealth Management LLC lifted its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 2.0% during the third quarter. Wagner Wealth Management LLC now owns 39,169 shares of the company’s stock worth $726,000 after acquiring an additional 777 shares in the last quarter.

Invesco Fundamental High Yield Corporate Bond ETF Trading Down 1.2 %

Shares of NYSEARCA PHB opened at $18.09 on Thursday. Invesco Fundamental High Yield Corporate Bond ETF has a fifty-two week low of $17.67 and a fifty-two week high of $18.65. The stock has a fifty day moving average of $18.32 and a 200-day moving average of $18.29.

Invesco Fundamental High Yield Corporate Bond ETF Profile

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.