TT Capital Management LLC Makes New Investment in Invesco Ultra Short Duration ETF $GSY

TT Capital Management LLC purchased a new position in shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) during the 2nd quarter, HoldingsChannel reports. The firm purchased 32,493 shares of the company’s stock, valued at approximately $1,629,000.

Other institutional investors and hedge funds have also modified their holdings of the company. DAVENPORT & Co LLC boosted its position in Invesco Ultra Short Duration ETF by 19.4% during the second quarter. DAVENPORT & Co LLC now owns 6,581 shares of the company’s stock worth $330,000 after purchasing an additional 1,067 shares during the period. Wagner Wealth Management LLC lifted its stake in shares of Invesco Ultra Short Duration ETF by 2.1% in the second quarter. Wagner Wealth Management LLC now owns 13,034 shares of the company’s stock worth $654,000 after buying an additional 271 shares during the last quarter. Patton Albertson Miller Group LLC lifted its stake in shares of Invesco Ultra Short Duration ETF by 7.1% in the second quarter. Patton Albertson Miller Group LLC now owns 9,557 shares of the company’s stock worth $479,000 after buying an additional 635 shares during the last quarter. Total Clarity Wealth Management Inc. boosted its holdings in shares of Invesco Ultra Short Duration ETF by 63.9% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 18,243 shares of the company’s stock worth $915,000 after buying an additional 7,115 shares during the period. Finally, Truist Financial Corp grew its stake in Invesco Ultra Short Duration ETF by 7.5% in the 2nd quarter. Truist Financial Corp now owns 108,999 shares of the company’s stock valued at $5,465,000 after buying an additional 7,626 shares during the last quarter.

Analysts Set New Price Targets

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

Invesco Ultra Short Duration ETF Price Performance

Shares of NYSEARCA:GSY opened at $50.31 on Friday. Invesco Ultra Short Duration ETF has a 1-year low of $49.98 and a 1-year high of $50.38. The business’s 50 day moving average is $50.27 and its 200-day moving average is $50.22.

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.