Braun Bostich & Associates Inc. Invests $3.44 Million in Invesco Fundamental High Yield Corporate Bond ETF (PHB) Stock

Braun Bostich & Associates Inc. purchased a new position in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) in the first quarter, Holdings Channel reports. The fund purchased 184,252 shares of the company’s stock, valued at approximately $3,436,000. Invesco Fundamental High Yield Corporate Bond ETF comprises about 3.6% of Braun Bostich & Associates Inc.’s holdings, making the stock its 5th largest holding.

A number of other institutional investors have also recently modified their holdings of the stock. Blackhawk Capital Partners LLC. purchased a new stake in Invesco Fundamental High Yield Corporate Bond ETF in the 1st quarter valued at $2,219,000. Global Retirement Partners LLC raised its position in Invesco Fundamental High Yield Corporate Bond ETF by 18.0% in the 1st quarter. Global Retirement Partners LLC now owns 63,356 shares of the company’s stock valued at $1,182,000 after purchasing an additional 9,651 shares during the last quarter. Advisors Preferred LLC purchased a new stake in Invesco Fundamental High Yield Corporate Bond ETF in the 1st quarter valued at $1,350,000. Prospera Financial Services Inc raised its position in Invesco Fundamental High Yield Corporate Bond ETF by 30.7% in the 1st quarter. Prospera Financial Services Inc now owns 16,464 shares of the company’s stock valued at $309,000 after purchasing an additional 3,871 shares during the last quarter. Finally, Schneider Downs Wealth Management Advisors LP raised its position in Invesco Fundamental High Yield Corporate Bond ETF by 15.6% in the 1st quarter. Schneider Downs Wealth Management Advisors LP now owns 17,686 shares of the company’s stock valued at $330,000 after purchasing an additional 2,388 shares during the last quarter.

PHB stock opened at $18.63 on Friday. Invesco Fundamental High Yield Corporate Bond ETF has a 12 month low of $17.45 and a 12 month high of $18.85.

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Tuesday, May 21st will be given a $0.0649 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.78 annualized dividend and a yield of 4.18%.

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Want to see what other hedge funds are holding PHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB).

Institutional Ownership by Quarter for Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB)

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