Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Large Volume Increase – Here’s What Happened

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) saw unusually-strong trading volume on Monday . Approximately 1,876,930 shares traded hands during mid-day trading, an increase of 115% from the previous session’s volume of 872,160 shares.The stock last traded at $50.08 and had previously closed at $50.24.

Invesco Ultra Short Duration ETF Trading Down 0.0%

The company has a 50-day moving average price of $50.26 and a two-hundred day moving average price of $50.27.

Invesco Ultra Short Duration ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were paid a dividend of $0.1738 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, February 23rd.

Institutional Investors Weigh In On Invesco Ultra Short Duration ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. World Investment Advisors lifted its holdings in shares of Invesco Ultra Short Duration ETF by 5.4% in the 4th quarter. World Investment Advisors now owns 31,422 shares of the company’s stock worth $1,579,000 after acquiring an additional 1,602 shares during the last quarter. SHP Wealth Management bought a new position in Invesco Ultra Short Duration ETF during the 4th quarter valued at about $35,000. OakTrust Wealth Advisors LLC bought a new position in Invesco Ultra Short Duration ETF during the 4th quarter valued at about $803,000. Barnes Wealth Management Group Inc raised its position in Invesco Ultra Short Duration ETF by 2.6% in the 4th quarter. Barnes Wealth Management Group Inc now owns 40,531 shares of the company’s stock worth $2,037,000 after purchasing an additional 1,010 shares during the period. Finally, Cambient Family Office LLC purchased a new stake in Invesco Ultra Short Duration ETF in the 4th quarter worth about $3,254,000.

Invesco Ultra Short Duration ETF Company 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.