USAdvisors Wealth Management LLC Acquires New Position in Invesco Total Return Bond ETF $GTO

USAdvisors Wealth Management LLC acquired a new position in shares of Invesco Total Return Bond ETF (NYSEARCA:GTO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 140,122 shares of the company’s stock, valued at approximately $6,248,000. Invesco Total Return Bond ETF accounts for about 1.8% of USAdvisors Wealth Management LLC’s holdings, making the stock its 17th biggest position. USAdvisors Wealth Management LLC owned about 0.25% of Invesco Total Return Bond ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in shares of Invesco Total Return Bond ETF by 32.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,368,117 shares of the company’s stock valued at $189,967,000 after acquiring an additional 1,081,673 shares during the period. Bank of America Corp DE boosted its stake in Invesco Total Return Bond ETF by 236.8% during the first quarter. Bank of America Corp DE now owns 3,812,087 shares of the company’s stock worth $178,520,000 after acquiring an additional 2,680,104 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Invesco Total Return Bond ETF by 16.8% during the first quarter. Bank of New York Mellon Corp now owns 1,331,112 shares of the company’s stock worth $62,336,000 after acquiring an additional 191,848 shares in the last quarter. Private Advisor Group LLC grew its holdings in Invesco Total Return Bond ETF by 11.0% in the first quarter. Private Advisor Group LLC now owns 1,265,076 shares of the company’s stock worth $59,244,000 after purchasing an additional 125,255 shares during the period. Finally, RTD Financial Advisors Inc. acquired a new stake in Invesco Total Return Bond ETF in the third quarter worth $40,547,000.

Invesco Total Return Bond ETF Stock Performance

NYSEARCA:GTO opened at $44.83 on Thursday. Invesco Total Return Bond ETF has a 12 month low of $44.42 and a 12 month high of $47.98. The firm has a fifty day simple moving average of $45.44 and a two-hundred day simple moving average of $46.28.

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.