Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Upgraded at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) to a hold rating in a report issued on Wednesday,Zacks.com reports.

Invesco Ultra Short Duration ETF Price Performance

Shares of GSY opened at $50.28 on Wednesday. Invesco Ultra Short Duration ETF has a 1-year low of $49.98 and a 1-year high of $50.38. The firm has a fifty day moving average price of $50.23 and a 200 day moving average price of $50.16.

Institutional Investors Weigh In On Invesco Ultra Short Duration ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. AE Wealth Management LLC raised its holdings in shares of Invesco Ultra Short Duration ETF by 88.3% in the second quarter. AE Wealth Management LLC now owns 625 shares of the company’s stock valued at $31,000 after buying an additional 293 shares during the last quarter. Parkside Financial Bank & Trust purchased a new stake in shares of Invesco Ultra Short Duration ETF in the second quarter valued at about $45,000. Cornerstone Planning Group LLC purchased a new stake in shares of Invesco Ultra Short Duration ETF in the first quarter valued at about $46,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Invesco Ultra Short Duration ETF by 206.6% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,015 shares of the company’s stock valued at $51,000 after buying an additional 684 shares during the last quarter. Finally, Transce3nd LLC purchased a new stake in shares of Invesco Ultra Short Duration ETF in the first quarter valued at about $56,000.

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.