Commonwealth Financial Services LLC Makes New $22.18 Million Investment in Invesco Total Return Bond ETF $GTO

Commonwealth Financial Services LLC acquired a new position in Invesco Total Return Bond ETF (NYSEARCA:GTO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 497,423 shares of the company’s stock, valued at approximately $22,180,000. Invesco Total Return Bond ETF makes up 4.0% of Commonwealth Financial Services LLC’s portfolio, making the stock its 5th biggest holding. Commonwealth Financial Services LLC owned about 0.88% of Invesco Total Return Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in Invesco Total Return Bond ETF by 236.8% in the 1st quarter. Bank of America Corp DE now owns 3,812,087 shares of the company’s stock valued at $178,520,000 after acquiring an additional 2,680,104 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Invesco Total Return Bond ETF by 32.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,368,117 shares of the company’s stock valued at $189,967,000 after purchasing an additional 1,081,673 shares in the last quarter. RTD Financial Advisors Inc. acquired a new stake in shares of Invesco Total Return Bond ETF during the third quarter worth approximately $40,547,000. KMG Fiduciary Partners LLC acquired a new position in shares of Invesco Total Return Bond ETF in the 3rd quarter valued at about $15,163,000. Finally, Focus Financial Network Inc. bought a new stake in shares of Invesco Total Return Bond ETF in the 3rd quarter worth approximately $13,302,000.

Invesco Total Return Bond ETF Price Performance

NYSEARCA GTO traded down $0.01 on Tuesday, hitting $44.73. The stock had a trading volume of 263,286 shares, compared to its average volume of 268,874. The company’s 50-day moving average is $45.50 and its two-hundred day moving average is $46.31. Invesco Total Return Bond ETF has a one year low of $44.42 and a one year high of $47.98.

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.