Invesco Total Return Bond ETF (NYSEARCA:GTO) Shares Break Below Fifty Day Moving Average – Here’s What Happened

Invesco Total Return Bond ETF (NYSEARCA:GTO)’s share price crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $45.25 and traded as low as $45.18. Invesco Total Return Bond ETF shares last traded at $45.24, with a volume of 249,984 shares traded.

Invesco Total Return Bond ETF Stock Performance

The firm has a 50 day simple moving average of $45.25 and a 200-day simple moving average of $46.52.

Hedge Funds Weigh In On Invesco Total Return Bond ETF

A number of hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. increased its holdings 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 valued at $189,967,000 after purchasing an additional 1,081,673 shares during the last quarter. Bank of America Corp DE raised its position 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 valued at $178,520,000 after purchasing an additional 2,680,104 shares during the period. Bank of New York Mellon Corp raised its position in Invesco Total Return Bond ETF by 16.8% in the first quarter. Bank of New York Mellon Corp now owns 1,331,112 shares of the company’s stock valued at $62,336,000 after purchasing an additional 191,848 shares during the period. RTD Financial Advisors Inc. purchased a new stake in Invesco Total Return Bond ETF in the third quarter valued at approximately $40,547,000. Finally, Howard Financial Services LTD. lifted its stake in Invesco Total Return Bond ETF by 0.4% during the third quarter. Howard Financial Services LTD. now owns 801,013 shares of the company’s stock worth $35,717,000 after purchasing an additional 2,921 shares in 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.