Gladstone Institutional Advisory LLC Trims Stake in Invesco Ultra Short Duration ETF $GSY

Gladstone Institutional Advisory LLC lowered its position in Invesco Ultra Short Duration ETF (NYSEARCA:GSY) by 2.8% in the 3rd quarter, Holdings Channel reports. The firm owned 435,525 shares of the company’s stock after selling 12,500 shares during the quarter. Invesco Ultra Short Duration ETF accounts for approximately 0.8% of Gladstone Institutional Advisory LLC’s portfolio, making the stock its 24th biggest position. Gladstone Institutional Advisory LLC’s holdings in Invesco Ultra Short Duration ETF were worth $21,878,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Comerica Bank raised its holdings in shares of Invesco Ultra Short Duration ETF by 2.9% in the first quarter. Comerica Bank now owns 9,591 shares of the company’s stock worth $481,000 after buying an additional 266 shares during the period. Baird Financial Group Inc. grew its position in Invesco Ultra Short Duration ETF by 15.5% in the 1st quarter. Baird Financial Group Inc. now owns 19,467 shares of the company’s stock valued at $976,000 after acquiring an additional 2,610 shares during the last quarter. Royal Bank of Canada grew its position in Invesco Ultra Short Duration ETF by 28.8% in the 1st quarter. Royal Bank of Canada now owns 57,917 shares of the company’s stock valued at $2,903,000 after acquiring an additional 12,962 shares during the last quarter. AQR Capital Management LLC increased its stake in Invesco Ultra Short Duration ETF by 75.6% in the first quarter. AQR Capital Management LLC now owns 9,249 shares of the company’s stock worth $464,000 after purchasing an additional 3,982 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its position in shares of Invesco Ultra Short Duration ETF by 69.3% during the first quarter. Integrated Wealth Concepts LLC now owns 77,142 shares of the company’s stock worth $3,866,000 after purchasing an additional 31,571 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada upgraded shares of Invesco Ultra Short Duration ETF to a “hold” rating in a report on Wednesday, October 1st.

Invesco Ultra Short Duration ETF Trading Up 0.0%

Shares of NYSEARCA:GSY opened at $50.29 on Tuesday. Invesco Ultra Short Duration ETF has a 12-month low of $49.98 and a 12-month high of $50.38. The business’s fifty day simple moving average is $50.27 and its 200-day simple moving average is $50.24.

Invesco Ultra Short Duration ETF Profile

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.