Drive Wealth Management LLC Acquires New Stake in Invesco Total Return Bond ETF $GTO

Drive Wealth Management LLC bought a new stake in shares of Invesco Total Return Bond ETF (NYSEARCA:GTO) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 14,005 shares of the company’s stock, valued at approximately $657,000.

Several other institutional investors also recently bought and sold shares of GTO. Empirical Asset Management LLC lifted its position in shares of Invesco Total Return Bond ETF by 20.8% during the second quarter. Empirical Asset Management LLC now owns 7,408 shares of the company’s stock worth $347,000 after purchasing an additional 1,278 shares in the last quarter. Harbour Investments Inc. increased its stake in Invesco Total Return Bond ETF by 49.7% during the 2nd quarter. Harbour Investments Inc. now owns 1,352 shares of the company’s stock worth $63,000 after buying an additional 449 shares during the period. Axxcess Wealth Management LLC lifted its holdings in Invesco Total Return Bond ETF by 324.4% during the 2nd quarter. Axxcess Wealth Management LLC now owns 79,007 shares of the company’s stock worth $3,705,000 after buying an additional 60,391 shares in the last quarter. Total Clarity Wealth Management Inc. lifted its holdings in Invesco Total Return Bond ETF by 49.4% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 110,188 shares of the company’s stock worth $5,167,000 after buying an additional 36,426 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in Invesco Total Return Bond ETF by 29.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 53,933 shares of the company’s stock valued at $2,529,000 after buying an additional 12,166 shares during the period.

Invesco Total Return Bond ETF Stock Performance

NYSEARCA:GTO opened at $47.92 on Monday. Invesco Total Return Bond ETF has a 52 week low of $45.46 and a 52 week high of $48.01. The company has a fifty day simple moving average of $47.40 and a two-hundred day simple moving average of $46.76.

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.