Towercrest Capital Management Sells 3,450 Shares of Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB)

Towercrest Capital Management reduced its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) by 1.5% in the third quarter, Holdings Channel.com reports. The fund owned 231,943 shares of the company’s stock after selling 3,450 shares during the quarter. Towercrest Capital Management’s holdings in Invesco Fundamental High Yield Corporate Bond ETF were worth $4,300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PHB. Prudent Investors Network Inc. bought a new stake in shares of Invesco Fundamental High Yield Corporate Bond ETF during the 1st quarter worth approximately $559,000. Jane Street Group LLC bought a new stake in Invesco Fundamental High Yield Corporate Bond ETF during the 1st quarter valued at $7,577,000. Peninsula Wealth LLC bought a new stake in Invesco Fundamental High Yield Corporate Bond ETF during the 1st quarter valued at $4,173,000. Moller Wealth Partners raised its position in Invesco Fundamental High Yield Corporate Bond ETF by 4.2% during the 2nd quarter. Moller Wealth Partners now owns 38,024 shares of the company’s stock valued at $683,000 after purchasing an additional 1,543 shares in the last quarter. Finally, Alliance Wealth Management Group raised its position in Invesco Fundamental High Yield Corporate Bond ETF by 2.3% during the 2nd quarter. Alliance Wealth Management Group now owns 235,393 shares of the company’s stock valued at $4,230,000 after purchasing an additional 5,249 shares in the last quarter.

Invesco Fundamental High Yield Corporate Bond ETF Price Performance

Shares of NYSEARCA PHB opened at $18.23 on Friday. The business has a fifty day simple moving average of $18.38 and a two-hundred day simple moving average of $18.24. Invesco Fundamental High Yield Corporate Bond ETF has a twelve month low of $17.52 and a twelve month high of $18.65.

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.