Invesco Total Return Bond ETF (NYSEARCA:GTO – Get Free Report) saw unusually-strong trading volume on Friday. Approximately 1,296,008 shares changed hands during mid-day trading, an increase of 377% from the previous session’s volume of 271,963 shares. The stock last traded at $45.0550 and had previously closed at $45.10.
Invesco Total Return Bond ETF Price Performance
The firm’s 50 day simple moving average is $45.42 and its 200-day simple moving average is $46.27.
Institutional Investors Weigh In On Invesco Total Return Bond ETF
A number of hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its position in Invesco Total Return Bond ETF by 11.0% in the first quarter. Private Advisor Group LLC now owns 1,265,076 shares of the company’s stock worth $59,244,000 after acquiring an additional 125,255 shares in the last quarter. Curry Webb Wealth Management LLC purchased a new stake in shares of Invesco Total Return Bond ETF during the 1st quarter worth $6,296,000. Integrated Wealth Concepts LLC grew its stake in shares of Invesco Total Return Bond ETF by 27.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 143,525 shares of the company’s stock worth $6,727,000 after purchasing an additional 30,911 shares during the period. Stewardship Advisors LLC acquired a new position in shares of Invesco Total Return Bond ETF during the 3rd quarter worth $13,906,000. Finally, Acima Private Wealth LLC purchased a new position in shares of Invesco Total Return Bond ETF in the 3rd quarter valued at about $13,273,000.
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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