Invesco Total Return Bond ETF (NYSEARCA:GTO) Hits New 1-Year Low – Here’s What Happened

Invesco Total Return Bond ETF (NYSEARCA:GTO)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $46.17 and last traded at $46.17, with a volume of 32162 shares. The stock had previously closed at $46.26.

Invesco Total Return Bond ETF Stock Down 0.1%

The stock’s fifty day simple moving average is $46.74 and its two-hundred day simple moving average is $47.12.

Institutional Trading of Invesco Total Return Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in GTO. Williams & Novak LLC boosted its position in Invesco Total Return Bond ETF by 6.3% in the fourth quarter. Williams & Novak LLC now owns 4,875 shares of the company’s stock worth $231,000 after purchasing an additional 289 shares during the last quarter. Signature Equity Partners LLC grew its stake in shares of Invesco Total Return Bond ETF by 8.6% during the 1st quarter. Signature Equity Partners LLC now owns 3,683 shares of the company’s stock valued at $172,000 after purchasing an additional 292 shares during the period. Evolution Wealth Advisors LLC increased its position in shares of Invesco Total Return Bond ETF by 2.6% during the 4th quarter. Evolution Wealth Advisors LLC now owns 12,300 shares of the company’s stock valued at $583,000 after purchasing an additional 308 shares during the last quarter. Perigon Wealth Management LLC lifted its stake in shares of Invesco Total Return Bond ETF by 2.6% in the 4th quarter. Perigon Wealth Management LLC now owns 12,424 shares of the company’s stock worth $589,000 after purchasing an additional 316 shares during the period. Finally, Independent Advisor Alliance boosted its holdings in shares of Invesco Total Return Bond ETF by 6.0% in the fourth quarter. Independent Advisor Alliance now owns 6,251 shares of the company’s stock worth $296,000 after buying an additional 356 shares during 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.