Envestnet Asset Management Inc. Lowers Stock Position in Invesco Ultra Short Duration ETF $GSY

Envestnet Asset Management Inc. trimmed its stake in Invesco Ultra Short Duration ETF (NYSEARCA:GSY) by 44.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 334,192 shares of the company’s stock after selling 272,807 shares during the period. Envestnet Asset Management Inc. owned 0.53% of Invesco Ultra Short Duration ETF worth $16,788,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Bank of America Corp DE grew its stake in shares of Invesco Ultra Short Duration ETF by 35.3% during the second quarter. Bank of America Corp DE now owns 1,560,270 shares of the company’s stock worth $78,232,000 after acquiring an additional 406,664 shares during the last quarter. Pasadena Private Wealth LLC purchased a new stake in Invesco Ultra Short Duration ETF during the third quarter worth $19,002,000. Osaic Holdings Inc. increased its stake in shares of Invesco Ultra Short Duration ETF by 47.2% in the 2nd quarter. Osaic Holdings Inc. now owns 723,610 shares of the company’s stock valued at $36,283,000 after purchasing an additional 232,130 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Invesco Ultra Short Duration ETF by 247.6% in the second quarter. MML Investors Services LLC now owns 295,645 shares of the company’s stock valued at $14,824,000 after acquiring an additional 210,589 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Invesco Ultra Short Duration ETF by 2,763.3% in the second quarter. Jane Street Group LLC now owns 202,747 shares of the company’s stock worth $10,166,000 after acquiring an additional 195,666 shares during the last quarter.

Invesco Ultra Short Duration ETF Stock Up 0.0%

Shares of GSY opened at $50.36 on Monday. Invesco Ultra Short Duration ETF has a 52-week low of $49.98 and a 52-week high of $50.38. The firm’s fifty day moving average is $50.28 and its two-hundred day moving average is $50.26.

Invesco Ultra Short Duration ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were issued a dividend of $0.1872 per share. This is a positive change from Invesco Ultra Short Duration ETF’s previous monthly dividend of $0.18. The ex-dividend date was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 4.5%.

Invesco Ultra Short Duration ETF 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.