Channel Wealth LLC Buys 44,644 Shares of Invesco Total Return Bond ETF (NYSEARCA:GTO)

Channel Wealth LLC raised its stake in Invesco Total Return Bond ETF (NYSEARCA:GTO) by 30.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 191,177 shares of the company’s stock after acquiring an additional 44,644 shares during the period. Invesco Total Return Bond ETF accounts for about 3.0% of Channel Wealth LLC’s holdings, making the stock its 5th biggest holding. Channel Wealth LLC’s holdings in Invesco Total Return Bond ETF were worth $9,234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new stake in Invesco Total Return Bond ETF in the 1st quarter valued at approximately $30,000. Concord Wealth Partners lifted its position in shares of Invesco Total Return Bond ETF by 712.3% in the third quarter. Concord Wealth Partners now owns 861 shares of the company’s stock worth $42,000 after purchasing an additional 755 shares in the last quarter. Bogart Wealth LLC acquired a new position in Invesco Total Return Bond ETF during the third quarter worth $58,000. Gilliland Jeter Wealth Management LLC grew its position in Invesco Total Return Bond ETF by 21.2% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,661 shares of the company’s stock valued at $77,000 after purchasing an additional 290 shares in the last quarter. Finally, WealthCare Investment Partners LLC grew its position in Invesco Total Return Bond ETF by 4.5% in the third quarter. WealthCare Investment Partners LLC now owns 5,178 shares of the company’s stock valued at $247,000 after purchasing an additional 222 shares in the last quarter.

Invesco Total Return Bond ETF Price Performance

Shares of NYSEARCA:GTO opened at $47.10 on Friday. The company’s 50-day moving average price is $47.84 and its two-hundred day moving average price is $47.13. Invesco Total Return Bond ETF has a one year low of $44.41 and a one year high of $48.79.

Invesco Total Return Bond ETF 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.