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

Invesco Total Return Bond ETF (NYSEARCA:GTO) shares saw unusually-strong trading volume on Tuesday . Approximately 1,160,409 shares traded hands during mid-day trading, an increase of 351% from the previous session’s volume of 257,049 shares.The stock last traded at $47.13 and had previously closed at $47.20.

Invesco Total Return Bond ETF Stock Down 0.3%

The stock has a 50 day moving average price of $47.32 and a two-hundred day moving average price of $47.48.

Institutional Trading of Invesco Total Return Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GTO. AQR Capital Management LLC increased its position in Invesco Total Return Bond ETF by 83.0% in the first quarter. AQR Capital Management LLC now owns 85,840 shares of the company’s stock worth $4,028,000 after purchasing an additional 38,940 shares during the period. Jane Street Group LLC increased its position in Invesco Total Return Bond ETF by 75.3% in the first quarter. Jane Street Group LLC now owns 117,963 shares of the company’s stock worth $5,536,000 after purchasing an additional 50,657 shares during the period. Cerity Partners LLC acquired a new stake in Invesco Total Return Bond ETF in the second quarter worth about $2,737,000. Raymond James Financial Inc. increased its position in Invesco Total Return Bond ETF by 16.1% in the second quarter. Raymond James Financial Inc. now owns 481,003 shares of the company’s stock worth $22,554,000 after purchasing an additional 66,685 shares during the period. Finally, Bank of America Corp DE increased its position in Invesco Total Return Bond ETF by 45.7% in the second quarter. Bank of America Corp DE now owns 1,070,063 shares of the company’s stock worth $50,175,000 after purchasing an additional 335,677 shares during the period.

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.