McAdam LLC Reduces Stock Holdings in Invesco Fundamental High Yield Corporate Bond ETF $PHB

McAdam LLC lowered its position in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,518 shares of the company’s stock after selling 2,074 shares during the quarter. McAdam LLC owned 0.30% of Invesco Fundamental High Yield Corporate Bond ETF worth $1,043,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Colorado Capital Management Inc. increased its position in Invesco Fundamental High Yield Corporate Bond ETF by 1.9% during the 2nd quarter. Colorado Capital Management Inc. now owns 206,273 shares of the company’s stock worth $3,808,000 after purchasing an additional 3,929 shares in the last quarter. Jane Street Group LLC increased its position in Invesco Fundamental High Yield Corporate Bond ETF by 24.9% during the 1st quarter. Jane Street Group LLC now owns 129,808 shares of the company’s stock worth $2,344,000 after purchasing an additional 25,869 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Invesco Fundamental High Yield Corporate Bond ETF during the 1st quarter worth about $1,720,000. Royal Bank of Canada increased its position in Invesco Fundamental High Yield Corporate Bond ETF by 11.4% during the 1st quarter. Royal Bank of Canada now owns 54,784 shares of the company’s stock worth $989,000 after purchasing an additional 5,623 shares in the last quarter. Finally, Baird Financial Group Inc. increased its position in Invesco Fundamental High Yield Corporate Bond ETF by 3.4% during the 1st quarter. Baird Financial Group Inc. now owns 82,771 shares of the company’s stock worth $1,495,000 after purchasing an additional 2,695 shares in the last quarter.

Invesco Fundamental High Yield Corporate Bond ETF Trading Down 0.3%

Invesco Fundamental High Yield Corporate Bond ETF stock opened at $18.53 on Friday. The stock has a 50-day moving average price of $18.50 and a 200 day moving average price of $18.26. Invesco Fundamental High Yield Corporate Bond ETF has a 52 week low of $17.33 and a 52 week high of $18.73.

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.