Invesco Total Return Bond ETF (NYSEARCA:GTO) Sees Large Volume Increase – Still a Buy?

Shares of Invesco Total Return Bond ETF (NYSEARCA:GTO) saw an uptick in trading volume on Friday. 604,552 shares changed hands during trading, an increase of 136% from the previous session’s volume of 256,389 shares. The stock last traded at $44.7850 and had previously closed at $44.86.

Invesco Total Return Bond ETF Price Performance

The firm’s fifty day moving average price is $46.01 and its 200 day moving average price is $46.58.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GTO. LPL Financial LLC lifted its position in shares of Invesco Total Return Bond ETF by 1.2% in the fourth 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 in the last quarter. Envestnet Asset Management Inc. increased its stake in Invesco Total Return Bond ETF by 32.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,368,117 shares of the company’s stock worth $189,967,000 after acquiring an additional 1,081,673 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Invesco Total Return Bond ETF by 236.8% during the 1st quarter. Bank of America Corp DE now owns 3,812,087 shares of the company’s stock worth $178,520,000 after acquiring an additional 2,680,104 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Invesco Total Return Bond ETF by 16.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,331,112 shares of the company’s stock worth $62,336,000 after acquiring an additional 191,848 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of Invesco Total Return Bond ETF by 11.0% during the 1st quarter. Private Advisor Group LLC now owns 1,265,076 shares of the company’s stock valued at $59,244,000 after acquiring an additional 125,255 shares during 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.