Invesco Total Return Bond ETF (NYSEARCA:GTO) Sees Strong Trading Volume – Still a Buy?

Shares of Invesco Total Return Bond ETF (NYSEARCA:GTO) saw strong trading volume on Friday. 1,296,008 shares traded hands during 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 Stock Performance

The stock’s fifty day moving average is $45.39 and its 200-day moving average is $46.26.

Hedge Funds Weigh In On Invesco Total Return Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Private Advisor Group LLC increased its position in shares of Invesco Total Return Bond ETF by 11.0% in the 1st quarter. Private Advisor Group LLC now owns 1,265,076 shares of the company’s stock valued at $59,244,000 after buying an additional 125,255 shares in the last quarter. Curry Webb Wealth Management LLC bought a new position in Invesco Total Return Bond ETF during the first quarter worth about $6,296,000. Integrated Wealth Concepts LLC lifted its holdings in Invesco Total Return Bond ETF by 27.4% during the second quarter. Integrated Wealth Concepts LLC now owns 143,525 shares of the company’s stock worth $6,727,000 after acquiring an additional 30,911 shares in the last quarter. Stewardship Advisors LLC bought a new position in Invesco Total Return Bond ETF during the third quarter worth about $13,906,000. Finally, Acima Private Wealth LLC bought a new position in Invesco Total Return Bond ETF during the third quarter worth about $13,273,000.

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.