Invesco Total Return Bond ETF (NYSEARCA:GTO) Sees Strong Trading Volume – Here’s Why

Invesco Total Return Bond ETF (NYSEARCA:GTO) saw unusually-high trading volume on Wednesday . Approximately 1,742,921 shares traded hands during mid-day trading, an increase of 703% from the previous session’s volume of 217,049 shares.The stock last traded at $47.5750 and had previously closed at $47.55.

Invesco Total Return Bond ETF Stock Performance

The firm has a 50-day moving average price of $47.63 and a two-hundred day moving average price of $47.07.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Comerica Bank increased its position in shares of Invesco Total Return Bond ETF by 12.6% during the first quarter. Comerica Bank now owns 16,564 shares of the company’s stock worth $777,000 after purchasing an additional 1,855 shares in the last quarter. Drive Wealth Management LLC purchased a new position in Invesco Total Return Bond ETF during the 2nd quarter worth approximately $657,000. Farther Finance Advisors LLC increased its position in Invesco Total Return Bond ETF by 13.5% during the second quarter. Farther Finance Advisors LLC now owns 5,760 shares of the company’s stock worth $270,000 after buying an additional 683 shares during the period. Avantax Advisory Services Inc. lifted its stake in Invesco Total Return Bond ETF by 6.5% in the second quarter. Avantax Advisory Services Inc. now owns 96,902 shares of the company’s stock valued at $4,544,000 after buying an additional 5,884 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Invesco Total Return Bond ETF in the second quarter valued at approximately $871,000.

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.