Axxcess Wealth Management LLC Boosts Stake in Invesco Ultra Short Duration ETF (NYSEARCA:GSY)

Axxcess Wealth Management LLC raised its position in shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) by 13.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 715,665 shares of the company’s stock after buying an additional 84,754 shares during the quarter. Invesco Ultra Short Duration ETF comprises approximately 0.9% of Axxcess Wealth Management LLC’s holdings, making the stock its 23rd largest position. Axxcess Wealth Management LLC’s holdings in Invesco Ultra Short Duration ETF were worth $35,862,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Pitti Group Wealth Management LLC grew its position in Invesco Ultra Short Duration ETF by 96.0% during the fourth quarter. Pitti Group Wealth Management LLC now owns 22,525 shares of the company’s stock valued at $1,129,000 after acquiring an additional 11,030 shares during the period. GWN Securities Inc. purchased a new stake in Invesco Ultra Short Duration ETF during the fourth quarter valued at about $206,000. Commonwealth Equity Services LLC grew its position in Invesco Ultra Short Duration ETF by 355.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 93,375 shares of the company’s stock valued at $4,679,000 after acquiring an additional 72,873 shares during the period. IAG Wealth Partners LLC purchased a new stake in Invesco Ultra Short Duration ETF during the fourth quarter valued at about $39,000. Finally, Avantax Advisory Services Inc. grew its position in Invesco Ultra Short Duration ETF by 12.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 6,477 shares of the company’s stock valued at $325,000 after acquiring an additional 729 shares during the period.

Invesco Ultra Short Duration ETF Price Performance

GSY stock opened at $50.21 on Tuesday. The stock has a 50-day moving average price of $50.16 and a two-hundred day moving average price of $50.16. Invesco Ultra Short Duration ETF has a 12-month low of $49.75 and a 12-month high of $50.37.

About Invesco Ultra Short Duration ETF

The Invesco Ultra Short Duration ETF (GSY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to outperform the Barclays Capital 1-3 Month U.S. Treasury Bill Index by investing in a diverse portfolio of investment-grade securities. GSY was launched on Feb 12, 2008 and is managed by Invesco.