Invesco Total Return Bond ETF (NYSEARCA:GTO) Sets New 52-Week Low – Should You Sell?

Invesco Total Return Bond ETF (NYSEARCA:GTO)’s share price reached a new 52-week low 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 Trading Down 0.1%

The business has a fifty day moving average of $46.74 and a 200-day moving average of $47.12.

Hedge Funds Weigh In On Invesco Total Return Bond ETF

Several hedge funds have recently made changes to their positions in GTO. Bank of America Corp DE lifted its stake in Invesco Total Return Bond ETF by 236.8% in the first 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 during the period. Invesco Ltd. increased its position in Invesco Total Return Bond ETF by 67.2% during the 4th quarter. Invesco Ltd. now owns 4,181,308 shares of the company’s stock valued at $198,278,000 after purchasing an additional 1,680,006 shares during the period. Axxcess Wealth Management LLC increased its position in Invesco Total Return Bond ETF by 385.6% during the 4th quarter. Axxcess Wealth Management LLC now owns 449,070 shares of the company’s stock valued at $21,295,000 after purchasing an additional 356,595 shares during the period. Bank of New York Mellon Corp raised its holdings in Invesco Total Return Bond ETF by 16.8% in 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 purchasing an additional 191,848 shares in the last quarter. Finally, CWM LLC raised its holdings in Invesco Total Return Bond ETF by 8.5% in the 4th quarter. CWM LLC now owns 2,060,937 shares of the company’s stock worth $97,730,000 after purchasing an additional 161,323 shares in 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.