Envestnet Asset Management Inc. Grows Stock Holdings in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB)

Envestnet Asset Management Inc. raised its stake in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 435,016 shares of the company’s stock after buying an additional 53,846 shares during the period. Envestnet Asset Management Inc. owned approximately 1.22% of Invesco Fundamental High Yield Corporate Bond ETF worth $7,865,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PHB. Islay Capital Management LLC raised its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 3.4% during the fourth quarter. Islay Capital Management LLC now owns 211,545 shares of the company’s stock worth $3,825,000 after purchasing an additional 6,907 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 4.7% in the fourth quarter. Wells Fargo & Company MN now owns 1,341,646 shares of the company’s stock valued at $24,257,000 after purchasing an additional 59,924 shares in the last quarter. Alliance Wealth Management Group grew its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 2.0% in the fourth quarter. Alliance Wealth Management Group now owns 236,471 shares of the company’s stock valued at $4,275,000 after purchasing an additional 4,528 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 2.1% during the 4th quarter. JPMorgan Chase & Co. now owns 28,618 shares of the company’s stock worth $517,000 after purchasing an additional 593 shares in the last quarter. Finally, Towercrest Capital Management raised its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 2.0% during the 4th quarter. Towercrest Capital Management now owns 236,471 shares of the company’s stock worth $4,275,000 after purchasing an additional 4,528 shares during the last quarter.

Invesco Fundamental High Yield Corporate Bond ETF Trading Up 0.6 %

Shares of NYSEARCA:PHB opened at $17.89 on Friday. Invesco Fundamental High Yield Corporate Bond ETF has a one year low of $17.33 and a one year high of $18.65. The business’s fifty day moving average price is $18.07 and its two-hundred day moving average price is $18.19.

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.