Invesco Total Return Bond ETF (NYSEARCA:GTO) Reaches New 12-Month High – Here’s What Happened

Shares of Invesco Total Return Bond ETF (NYSEARCA:GTO) reached a new 52-week high during trading on Wednesday . The stock traded as high as $470.91 and last traded at $47.4850, with a volume of 8214 shares changing hands. The stock had previously closed at $47.54.

Invesco Total Return Bond ETF Trading Down 0.2%

The company’s 50-day moving average price is $47.59 and its 200 day moving average price is $46.89.

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. Bank of New York Mellon Corp grew its stake in shares of Invesco Total Return Bond ETF by 76.8% during the first quarter. Bank of New York Mellon Corp now owns 1,108,392 shares of the company’s stock worth $52,017,000 after purchasing an additional 481,544 shares in the last quarter. Comerica Bank boosted its stake in Invesco Total Return Bond ETF by 12.6% in the first quarter. Comerica Bank now owns 16,564 shares of the company’s stock valued at $777,000 after acquiring an additional 1,855 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new position in Invesco Total Return Bond ETF in the first quarter valued at $1,191,000. Drive Wealth Management LLC acquired a new position in Invesco Total Return Bond ETF in the second quarter valued at $657,000. Finally, Farther Finance Advisors LLC boosted its stake in Invesco Total Return Bond ETF by 13.5% in the second quarter. Farther Finance Advisors LLC now owns 5,760 shares of the company’s stock valued at $270,000 after acquiring an additional 683 shares in the last quarter.

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.