Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Hits New 52-Week High – Time to Buy?

Shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $50.39 and last traded at $50.2150, with a volume of 523116 shares. The stock had previously closed at $50.37.

Invesco Ultra Short Duration ETF Stock Down 0.3%

The company has a fifty day moving average of $50.29 and a 200 day moving average of $50.27.

Invesco Ultra Short Duration ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 23rd will be given a dividend of $0.1738 per share. The ex-dividend date of this dividend is Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 4.2%.

Hedge Funds Weigh In On Invesco Ultra Short Duration ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tucker Asset Management LLC purchased a new stake in shares of Invesco Ultra Short Duration ETF in the fourth quarter worth $25,000. Collier Financial purchased a new stake in Invesco Ultra Short Duration ETF in the 3rd quarter worth $27,000. AE Wealth Management LLC raised its holdings in Invesco Ultra Short Duration ETF by 88.3% during the second quarter. AE Wealth Management LLC now owns 625 shares of the company’s stock valued at $31,000 after acquiring an additional 293 shares during the period. Rossby Financial LCC purchased a new position in shares of Invesco Ultra Short Duration ETF in the third quarter valued at about $31,000. Finally, Motiv8 Investments LLC purchased a new position in shares of Invesco Ultra Short Duration ETF in the fourth quarter valued at about $31,000.

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.