Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sets New 1-Year Low – Here’s What Happened

Invesco Ultra Short Duration ETF (NYSEARCA:GSY – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Monday. The company traded as low as $49.90 and last traded at $49.90, with a volume of 962,193 shares traded. The stock had previously closed at $50.07.

Invesco Ultra Short Duration ETF Price Performance

The business has a 50 day simple moving average of $50.09 and a 200 day simple moving average of $50.14.

Institutional Investors Weigh In On Invesco Ultra Short Duration ETF

A number of institutional investors and hedge funds have recently made changes to their positions in GSY. Prairie Advisory LLC raised its stake in Invesco Ultra Short Duration ETF by 115.7% during the 3rd quarter. Prairie Advisory LLC now owns 707,372 shares of the company’s stock worth $35,319,000 after buying an additional 379,445 shares during the period. IFP Advisors Inc boosted its position in Invesco Ultra Short Duration ETF by 10.9% during the 3rd quarter. IFP Advisors Inc now owns 26,620 shares of the company’s stock worth $1,329,000 after acquiring an additional 2,608 shares during the last quarter. Wealth Intelligence LLC boosted its holdings in Invesco Ultra Short Duration ETF by 26.3% during the third quarter. Wealth Intelligence LLC now owns 237,914 shares of the company’s stock worth $11,879,000 after purchasing an additional 49,567 shares during the last quarter. Cyndeo Wealth Partners LLC increased its stake in Invesco Ultra Short Duration ETF by 5.7% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 442,920 shares of the company’s stock valued at $22,115,000 after buying an additional 23,791 shares during the last quarter. Finally, Annex Advisory Services LLC bought a new stake in Invesco Ultra Short Duration ETF during the third quarter worth about $3,001,000.

Invesco Ultra Short Duration ETF Company Profile

(Get Free Report)

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.

Further Reading

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