Invesco Total Return Bond ETF (NYSEARCA:GTO – Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $46.01 and last traded at $46.03, with a volume of 50921 shares changing hands. The stock had previously closed at $46.15.
Invesco Total Return Bond ETF Price Performance
The stock’s fifty day moving average is $46.68 and its 200 day moving average is $47.05.
Institutional Investors Weigh In On Invesco Total Return Bond ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GTO. LPL Financial LLC lifted its stake in shares of Invesco Total Return Bond ETF by 1.2% in the 4th quarter. LPL Financial LLC now owns 4,533,853 shares of the company’s stock valued at $214,995,000 after purchasing an additional 53,523 shares during the last quarter. Invesco Ltd. increased its position in shares of Invesco Total Return Bond ETF by 67.2% during the 4th quarter. Invesco Ltd. now owns 4,181,308 shares of the company’s stock valued at $198,278,000 after purchasing an additional 1,680,006 shares during the last quarter. Bank of America Corp DE increased its position in shares of Invesco Total Return Bond ETF by 236.8% during the 1st quarter. Bank of America Corp DE now owns 3,812,087 shares of the company’s stock valued at $178,520,000 after purchasing an additional 2,680,104 shares during the last quarter. CWM LLC raised its holdings in Invesco Total Return Bond ETF by 8.5% during the 4th quarter. CWM LLC now owns 2,060,937 shares of the company’s stock valued at $97,730,000 after buying an additional 161,323 shares during the period. Finally, Morgan Stanley raised its holdings in Invesco Total Return Bond ETF by 4.3% during the 4th quarter. Morgan Stanley now owns 1,722,422 shares of the company’s stock valued at $81,677,000 after buying an additional 70,358 shares during the period.
About Invesco Total Return Bond ETF
The Invesco Total Return Bond ETF (GTO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund with the ability to invest in any number of fixed income securities with varying credit ratings, countries, and durations. GTO was launched on Feb 10, 2016 and is managed by Invesco.
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