Invesco Ultra Short Duration ETF $GSY Shares Sold by Drive Wealth Management LLC

Drive Wealth Management LLC reduced its position in shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) by 94.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,134 shares of the company’s stock after selling 149,922 shares during the period. Drive Wealth Management LLC’s holdings in Invesco Ultra Short Duration ETF were worth $409,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AE Wealth Management LLC grew its stake in shares of Invesco Ultra Short Duration ETF by 88.3% in the 2nd quarter. AE Wealth Management LLC now owns 625 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares during the last quarter. Parkside Financial Bank & Trust bought a new stake in Invesco Ultra Short Duration ETF during the second quarter worth approximately $45,000. Newbridge Financial Services Group Inc. grew its position in 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 worth $51,000 after buying an additional 684 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Invesco Ultra Short Duration ETF in the third quarter worth approximately $97,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Invesco Ultra Short Duration ETF by 1,422.4% in the second quarter. Farther Finance Advisors LLC now owns 2,238 shares of the company’s stock valued at $112,000 after buying an additional 2,091 shares in the last quarter.

Invesco Ultra Short Duration ETF Stock Up 0.0%

Shares of GSY opened at $50.19 on Friday. The company’s 50 day moving average price is $50.27 and its 200 day moving average price is $50.25. Invesco Ultra Short Duration ETF has a 52 week low of $49.98 and a 52 week high of $50.38.

Invesco Ultra Short Duration ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were paid a $0.1872 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. This is a boost from Invesco Ultra Short Duration ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Tuesday, January 20th.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised Invesco Ultra Short Duration ETF to a “hold” rating in a research note on Wednesday, October 1st.

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.