TD Private Client Wealth LLC Grows Stock Holdings in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB)

TD Private Client Wealth LLC lifted its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) by 604.1% during the 4th quarter, HoldingsChannel reports. The firm owned 30,635 shares of the company’s stock after purchasing an additional 26,284 shares during the quarter. TD Private Client Wealth LLC’s holdings in Invesco Fundamental High Yield Corporate Bond ETF were worth $554,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp increased its position in Invesco Fundamental High Yield Corporate Bond ETF by 4.9% during the third quarter. Stifel Financial Corp now owns 67,720 shares of the company’s stock worth $1,256,000 after purchasing an additional 3,187 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 579.0% during the 4th quarter. Jones Financial Companies Lllp now owns 10,001 shares of the company’s stock worth $181,000 after buying an additional 8,528 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Invesco Fundamental High Yield Corporate Bond ETF by 29.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,025 shares of the company’s stock valued at $520,000 after buying an additional 6,331 shares during the period. Bank of New York Mellon Corp lifted its holdings in Invesco Fundamental High Yield Corporate Bond ETF by 6.0% in the fourth quarter. Bank of New York Mellon Corp now owns 2,084,991 shares of the company’s stock valued at $37,697,000 after acquiring an additional 118,308 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 500.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 103,717 shares of the company’s stock worth $1,923,000 after purchasing an additional 86,430 shares during the period.

Invesco Fundamental High Yield Corporate Bond ETF Trading Down 0.3 %

Shares of PHB opened at $18.15 on Tuesday. Invesco Fundamental High Yield Corporate Bond ETF has a 1-year low of $17.68 and a 1-year high of $18.65. The firm has a 50-day simple moving average of $18.22 and a two-hundred day simple moving average of $18.29.

Invesco Fundamental High Yield Corporate Bond ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a dividend of $0.0878 per share. The ex-dividend date is Monday, March 24th.

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.