Asset Allocation Strategies LLC Decreases Stock Position in Invesco Fundamental High Yield Corporate Bond ETF $PHB

Asset Allocation Strategies LLC cut its stake in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) by 29.8% in the first quarter, Holdings Channel reports. The institutional investor owned 208,514 shares of the company’s stock after selling 88,436 shares during the period. Asset Allocation Strategies LLC’s holdings in Invesco Fundamental High Yield Corporate Bond ETF were worth $3,741,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Arax Advisory Partners bought a new position in Invesco Fundamental High Yield Corporate Bond ETF during the 4th quarter valued at about $30,000. Kestra Advisory Services LLC bought a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF during the fourth quarter valued at approximately $87,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF in the fourth quarter worth approximately $99,000. Strategic Advocates LLC purchased a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF in the third quarter worth approximately $146,000. Finally, Banque Cantonale Vaudoise raised its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 5.9% in the third quarter. Banque Cantonale Vaudoise now owns 11,480 shares of the company’s stock worth $213,000 after buying an additional 642 shares during the period.

Invesco Fundamental High Yield Corporate Bond ETF Price Performance

Shares of PHB stock opened at $18.27 on Monday. The stock has a 50 day moving average price of $18.27 and a 200 day moving average price of $18.40. 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.