Invesco Total Return Bond ETF (NYSEARCA:GTO) Sees Strong Trading Volume – What’s Next?

Invesco Total Return Bond ETF (NYSEARCA:GTO) shares saw unusually-strong trading volume on Wednesday . Approximately 383,275 shares were traded during trading, an increase of 109% from the previous session’s volume of 183,169 shares.The stock last traded at $46.91 and had previously closed at $46.92.

Invesco Total Return Bond ETF Trading Down 0.1 %

The business’s fifty day moving average is $46.68 and its 200 day moving average is $47.13.

Institutional Investors 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 GTO. LPL Financial LLC grew its position in Invesco Total Return Bond ETF by 25.9% in the third quarter. LPL Financial LLC now owns 2,887,779 shares of the company’s stock valued at $139,480,000 after purchasing an additional 593,167 shares in the last quarter. Independent Advisor Alliance bought a new position in Invesco Total Return Bond ETF in the fourth quarter valued at $23,544,000. Rooted Wealth Advisors Inc. bought a new position in Invesco Total Return Bond ETF in the fourth quarter valued at $11,850,000. Petix & Botte Co bought a new position in Invesco Total Return Bond ETF in the fourth quarter valued at $9,748,000. Finally, Envestnet Asset Management Inc. grew its position in Invesco Total Return Bond ETF by 6.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,671,997 shares of the company’s stock valued at $123,981,000 after purchasing an additional 162,567 shares in the last quarter.

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.