Scotia Capital Inc. Trims Stake in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB)

Scotia Capital Inc. lessened its holdings in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) by 60.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,283 shares of the company’s stock after selling 15,500 shares during the period. Scotia Capital Inc.’s holdings in Invesco Fundamental High Yield Corporate Bond ETF were worth $186,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of PHB. Rialto Wealth Management LLC acquired a new position in Invesco Fundamental High Yield Corporate Bond ETF in the fourth quarter valued at about $60,000. Jones Financial Companies Lllp raised its position in Invesco Fundamental High Yield Corporate Bond ETF by 579.0% in the fourth quarter. Jones Financial Companies Lllp now owns 10,001 shares of the company’s stock valued at $181,000 after purchasing an additional 8,528 shares during the period. Capital & Planning LLC acquired a new position in Invesco Fundamental High Yield Corporate Bond ETF during the fourth quarter worth $292,000. JPMorgan Chase & Co. grew its stake in shares of Invesco Fundamental High Yield Corporate Bond ETF by 2.1% in the fourth quarter. JPMorgan Chase & Co. now owns 28,618 shares of the company’s stock valued at $517,000 after buying an additional 593 shares in the last quarter. Finally, Csenge Advisory Group raised its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 37.6% in the 4th quarter. Csenge Advisory Group now owns 29,473 shares of the company’s stock valued at $533,000 after buying an additional 8,046 shares during the period.

Invesco Fundamental High Yield Corporate Bond ETF Price Performance

PHB opened at $17.79 on Wednesday. The stock’s 50-day moving average price is $18.09 and its 200 day moving average price is $18.21. Invesco Fundamental High Yield Corporate Bond ETF has a 12-month low of $17.33 and a 12-month high of $18.65.

Invesco Fundamental High Yield Corporate Bond ETF Company 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.