Petix & Botte Co Has $19.14 Million Position in Invesco Total Return Bond ETF $GTO

Petix & Botte Co lifted its stake in shares of Invesco Total Return Bond ETF (NYSEARCA:GTO) by 14.7% during the third quarter, Holdings Channel.com reports. The firm owned 402,874 shares of the company’s stock after buying an additional 51,773 shares during the period. Invesco Total Return Bond ETF accounts for approximately 4.4% of Petix & Botte Co’s holdings, making the stock its 3rd largest position. Petix & Botte Co’s holdings in Invesco Total Return Bond ETF were worth $19,141,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. True Wealth Design LLC acquired a new position in Invesco Total Return Bond ETF during the 3rd quarter worth $29,000. TD Private Client Wealth LLC bought a new position in Invesco Total Return Bond ETF in the 3rd quarter valued at $77,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco Total Return Bond ETF by 1,365.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,832 shares of the company’s stock valued at $87,000 after buying an additional 1,707 shares during the period. Montag A & Associates Inc. acquired a new stake in shares of Invesco Total Return Bond ETF in the 3rd quarter valued at $137,000. Finally, Wealth Watch Advisors INC bought a new stake in shares of Invesco Total Return Bond ETF during the third quarter worth $167,000.

Invesco Total Return Bond ETF Stock Up 0.2%

Shares of GTO opened at $47.29 on Wednesday. Invesco Total Return Bond ETF has a 12-month low of $45.46 and a 12-month high of $48.01. The stock’s fifty day simple moving average is $47.58 and its 200-day simple moving average is $47.58.

Invesco Total Return Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were issued a dividend of $0.1797 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, February 23rd.

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.