Invesco Total Return Bond ETF (NYSEARCA:GTO) Hits New 12-Month High at $48.56

Invesco Total Return Bond ETF (NYSEARCA:GTO) hit a new 52-week high during trading on Tuesday . The company traded as high as $48.56 and last traded at $48.56, with a volume of 45150 shares trading hands. The stock had previously closed at $48.46.

Invesco Total Return Bond ETF Stock Performance

The firm’s 50 day simple moving average is $47.47 and its 200 day simple moving average is $46.75.

Institutional Trading of Invesco Total Return Bond ETF

Several institutional investors have recently added to or reduced their stakes in GTO. Focus Financial Network Inc. ADV purchased a new position in shares of Invesco Total Return Bond ETF in the fourth quarter worth about $22,154,000. Financial Designs Corp purchased a new stake in shares of Invesco Total Return Bond ETF during the first quarter worth about $6,943,000. Brio Consultants LLC grew its stake in shares of Invesco Total Return Bond ETF by 20.5% in the fourth quarter. Brio Consultants LLC now owns 868,293 shares of the company’s stock worth $41,018,000 after purchasing an additional 147,754 shares during the last quarter. Howard Financial Services LTD. increased its holdings in Invesco Total Return Bond ETF by 33.5% during the 2nd quarter. Howard Financial Services LTD. now owns 568,172 shares of the company’s stock valued at $26,340,000 after purchasing an additional 142,419 shares during the period. Finally, CWM LLC raised its position in Invesco Total Return Bond ETF by 9.5% during the 2nd quarter. CWM LLC now owns 1,022,715 shares of the company’s stock valued at $47,413,000 after purchasing an additional 88,471 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.