Invesco Total Return Bond ETF (NYSEARCA:GTO) Reaches New 1-Year Low – Here’s Why

Invesco Total Return Bond ETF (NYSEARCA:GTO) reached a new 52-week low during trading on Monday. The stock traded as low as $44.67 and last traded at $44.7550, with a volume of 23024 shares traded. The stock had previously closed at $44.90.

Invesco Total Return Bond ETF Stock Performance

The business’s 50 day moving average is $45.98 and its two-hundred day moving average is $46.56.

Hedge Funds Weigh In On Invesco Total Return Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of GTO. Bank of America Corp DE boosted its holdings 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. Envestnet Asset Management Inc. lifted its position in Invesco Total Return Bond ETF by 32.9% during the second quarter. Envestnet Asset Management Inc. now owns 4,368,117 shares of the company’s stock valued at $189,967,000 after purchasing an additional 1,081,673 shares during the last quarter. IFP Advisors Inc lifted its position in Invesco Total Return Bond ETF by 306.1% during the second quarter. IFP Advisors Inc now owns 343,525 shares of the company’s stock valued at $16,101,000 after purchasing an additional 258,933 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Invesco Total Return Bond ETF by 109.5% in the 2nd quarter. NewEdge Advisors LLC now owns 492,314 shares of the company’s stock worth $23,075,000 after buying an additional 257,366 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Invesco Total Return Bond ETF by 16.8% during the first quarter. Bank of New York Mellon Corp now owns 1,331,112 shares of the company’s stock worth $62,336,000 after acquiring an additional 191,848 shares during the last quarter.

Invesco Total Return Bond ETF Company Profile

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.