Invesco Total Return Bond ETF (NYSEARCA:GTO) Hits New 1-Year Low – Should You Sell?

Invesco Total Return Bond ETF (NYSEARCA:GTO) reached a new 52-week low during trading on Tuesday . The company traded as low as $45.39 and last traded at $45.47, with a volume of 267315 shares trading hands. The stock had previously closed at $45.50.

Invesco Total Return Bond ETF Price Performance

The firm has a 50 day moving average price of $46.16 and a two-hundred day moving average price of $46.68.

Institutional Trading of Invesco Total Return Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GTO. Signature Equity Partners LLC grew its position in Invesco Total Return Bond ETF by 8.6% in 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. Alteri Wealth LLC raised its holdings in Invesco Total Return Bond ETF by 4.8% during the fourth quarter. Alteri Wealth LLC now owns 8,478 shares of the company’s stock worth $402,000 after buying an additional 387 shares during the last quarter. MSH Capital Advisors LLC lifted its stake in shares of Invesco Total Return Bond ETF by 2.8% in the fourth quarter. MSH Capital Advisors LLC now owns 16,434 shares of the company’s stock valued at $779,000 after buying an additional 451 shares in the last quarter. Krilogy Financial LLC grew its holdings in shares of Invesco Total Return Bond ETF by 5.7% during the first quarter. Krilogy Financial LLC now owns 10,361 shares of the company’s stock valued at $489,000 after buying an additional 563 shares during the last quarter. Finally, Barnes Wealth Management Group Inc increased its position in shares of Invesco Total Return Bond ETF by 5.0% during the fourth quarter. Barnes Wealth Management Group Inc now owns 12,669 shares of the company’s stock worth $601,000 after acquiring an additional 609 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.