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

Invesco Total Return Bond ETF (NYSEARCA:GTO) saw unusually-strong trading volume on Wednesday . Approximately 1,742,921 shares were traded 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 Up 0.1%

The stock’s 50 day simple moving average is $47.63 and its 200 day simple moving average is $47.07.

Hedge Funds Weigh In On Invesco Total Return Bond ETF

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

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.