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

Shares of Invesco Total Return Bond ETF (NYSEARCA:GTO) hit a new 52-week low during mid-day trading on Wednesday . The company 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 Price Performance

The firm has a fifty day simple moving average of $46.71 and a 200 day simple moving average of $47.10.

Institutional Investors Weigh In On Invesco Total Return Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. Your Advocates Ltd. LLP acquired a new position in Invesco Total Return Bond ETF during the first quarter worth $29,000. Longview Financial Advisors Inc. acquired a new stake in shares of Invesco Total Return Bond ETF in the first quarter valued at about $48,000. Y.D. More Investments Ltd purchased a new stake in shares of Invesco Total Return Bond ETF during the first quarter worth about $70,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco Total Return Bond ETF by 1,365.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,832 shares of the company’s stock worth $87,000 after purchasing an additional 1,707 shares in the last quarter. Finally, Wealth Watch Advisors INC acquired a new position in shares of Invesco Total Return Bond ETF during the 3rd quarter worth about $167,000.

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.