Truist Financial Corp Cuts Position in Invesco Fundamental High Yield Corporate Bond ETF $PHB

Truist Financial Corp decreased its position in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,782 shares of the company’s stock after selling 1,954 shares during the quarter. Truist Financial Corp owned 1.48% of Invesco Fundamental High Yield Corporate Bond ETF worth $5,202,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. LPL Financial LLC grew its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 7.5% during the first quarter. LPL Financial LLC now owns 845,119 shares of the company’s stock worth $15,263,000 after buying an additional 58,750 shares in the last quarter. Advisors Preferred LLC raised its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 64.0% during the first quarter. Advisors Preferred LLC now owns 352,238 shares of the company’s stock valued at $6,376,000 after purchasing an additional 137,428 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 5.3% during the fourth quarter. Revolve Wealth Partners LLC now owns 314,063 shares of the company’s stock worth $5,678,000 after acquiring an additional 15,804 shares during the period. Colorado Capital Management Inc. grew its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 1.9% during the second quarter. Colorado Capital Management Inc. now owns 206,273 shares of the company’s stock worth $3,808,000 after acquiring an additional 3,929 shares during the period. Finally, Cetera Investment Advisers grew its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 13.3% during the first quarter. Cetera Investment Advisers now owns 170,058 shares of the company’s stock worth $3,071,000 after acquiring an additional 19,968 shares during the period.

Invesco Fundamental High Yield Corporate Bond ETF Price Performance

Shares of PHB opened at $18.58 on Wednesday. The business’s 50-day moving average price is $18.53 and its 200 day moving average price is $18.29. Invesco Fundamental High Yield Corporate Bond ETF has a 1-year low of $17.33 and a 1-year 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.