Parsons Capital Management Inc. RI Raises Stock Position in Invesco Ultra Short Duration ETF $GSY

Parsons Capital Management Inc. RI increased its position in shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) by 213.3% during the third quarter, HoldingsChannel.com reports. The fund owned 65,440 shares of the company’s stock after acquiring an additional 44,552 shares during the period. Parsons Capital Management Inc. RI’s holdings in Invesco Ultra Short Duration ETF were worth $3,287,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GSY. Royal Bank of Canada grew its position in shares of Invesco Ultra Short Duration ETF by 28.8% during the 1st quarter. Royal Bank of Canada now owns 57,917 shares of the company’s stock valued at $2,903,000 after purchasing an additional 12,962 shares in the last quarter. AQR Capital Management LLC boosted its stake in Invesco Ultra Short Duration ETF by 75.6% during the first quarter. AQR Capital Management LLC now owns 9,249 shares of the company’s stock valued at $464,000 after buying an additional 3,982 shares during the period. NewEdge Advisors LLC grew its position in Invesco Ultra Short Duration ETF by 5.4% during the first quarter. NewEdge Advisors LLC now owns 19,587 shares of the company’s stock worth $982,000 after buying an additional 1,006 shares in the last quarter. Jane Street Group LLC bought a new position in Invesco Ultra Short Duration ETF in the 1st quarter worth about $355,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Invesco Ultra Short Duration ETF by 1,422.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,238 shares of the company’s stock valued at $112,000 after acquiring an additional 2,091 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Invesco Ultra Short Duration ETF Price Performance

Shares of NYSEARCA GSY opened at $50.35 on Tuesday. The stock’s 50-day moving average is $50.28 and its 200 day moving average is $50.25. Invesco Ultra Short Duration ETF has a 1-year low of $49.98 and a 1-year high of $50.38.

Invesco Ultra Short Duration ETF Increases Dividend

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

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.