Merit Financial Group LLC Takes Position in Invesco Total Return Bond ETF (NYSEARCA:GTO)

Merit Financial Group LLC bought a new stake in Invesco Total Return Bond ETF (NYSEARCA:GTO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 135,755 shares of the company’s stock, valued at approximately $6,413,000. Merit Financial Group LLC owned about 0.64% of Invesco Total Return Bond ETF at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GTO. PNC Financial Services Group Inc. bought a new position in shares of Invesco Total Return Bond ETF in the third quarter valued at approximately $60,000. CENTRAL TRUST Co acquired a new stake in shares of Invesco Total Return Bond ETF in the fourth quarter valued at approximately $85,000. Aspire Private Capital LLC acquired a new stake in shares of Invesco Total Return Bond ETF in the third quarter valued at approximately $146,000. Aspire Capital Advisors LLC acquired a new stake in shares of Invesco Total Return Bond ETF in the fourth quarter valued at approximately $218,000. Finally, Assetmark Inc. increased its holdings in shares of Invesco Total Return Bond ETF by 58.9% in the third quarter. Assetmark Inc. now owns 5,800 shares of the company’s stock valued at $259,000 after purchasing an additional 2,149 shares in the last quarter.

Invesco Total Return Bond ETF Price Performance

Shares of Invesco Total Return Bond ETF stock opened at $46.15 on Friday. The firm has a 50 day simple moving average of $46.30 and a 200 day simple moving average of $46.11. Invesco Total Return Bond ETF has a fifty-two week low of $43.27 and a fifty-two week high of $47.47.

About Invesco Total Return Bond ETF

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.