Invesco Total Return Bond ETF (NYSEARCA:GTO) Reaches New 52-Week Low – Here’s Why

Shares of Invesco Total Return Bond ETF (NYSEARCA:GTO) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $45.38 and last traded at $45.3750, with a volume of 21901 shares traded. The stock had previously closed at $45.50.

Invesco Total Return Bond ETF Stock Down 0.2%

The firm has a fifty day simple moving average of $46.12 and a 200-day simple moving average of $46.65.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in shares of Invesco Total Return Bond ETF by 1.2% in the 4th quarter. LPL Financial LLC now owns 4,533,853 shares of the company’s stock worth $214,995,000 after buying an additional 53,523 shares during the last quarter. Bank of America Corp DE increased its holdings in Invesco Total Return Bond ETF by 236.8% during the first quarter. Bank of America Corp DE now owns 3,812,087 shares of the company’s stock worth $178,520,000 after buying an additional 2,680,104 shares during the last quarter. Bank of New York Mellon Corp increased its holdings 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 buying an additional 191,848 shares during the last quarter. Private Advisor Group LLC raised its position in Invesco Total Return Bond ETF by 11.0% in the first quarter. Private Advisor Group LLC now owns 1,265,076 shares of the company’s stock worth $59,244,000 after acquiring an additional 125,255 shares during the period. Finally, Howard Financial Services LTD. boosted its stake in Invesco Total Return Bond ETF by 4.0% in the second quarter. Howard Financial Services LTD. now owns 799,598 shares of the company’s stock valued at $37,477,000 after acquiring an additional 31,079 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.