Asset Allocation Strategies LLC Has $5.52 Million Stock Holdings in Invesco Fundamental High Yield Corporate Bond ETF $PHB

Asset Allocation Strategies LLC boosted its stake in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) by 46.6% in the fourth quarter, HoldingsChannel reports. The firm owned 296,950 shares of the company’s stock after buying an additional 94,325 shares during the period. Invesco Fundamental High Yield Corporate Bond ETF makes up about 1.1% of Asset Allocation Strategies LLC’s portfolio, making the stock its 26th largest position. Asset Allocation Strategies LLC’s holdings in Invesco Fundamental High Yield Corporate Bond ETF were worth $5,523,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Blueline Advisors LLC acquired a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF during the fourth quarter valued at about $5,095,000. Tcfg Wealth Management LLC grew its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 1,755.9% during the third quarter. Tcfg Wealth Management LLC now owns 220,706 shares of the company’s stock valued at $4,101,000 after buying an additional 208,814 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of 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 valued at $5,678,000 after buying an additional 15,804 shares during the last quarter. Strategic Advocates LLC acquired a new position in shares of Invesco Fundamental High Yield Corporate Bond ETF during the third quarter valued at about $146,000. Finally, Islay Capital Management LLC grew its holdings in shares of Invesco Fundamental High Yield Corporate Bond ETF by 2.4% during the third quarter. Islay Capital Management LLC now owns 169,137 shares of the company’s stock valued at $3,143,000 after buying an additional 3,972 shares during the last quarter.

Invesco Fundamental High Yield Corporate Bond ETF Trading Up 0.2%

Shares of NYSEARCA PHB opened at $18.27 on Friday. The company has a 50-day moving average price of $18.25 and a 200-day moving average price of $18.42. 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.