Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Hits New 52-Week High – Still a Buy?

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $50.38 and last traded at $50.3750, with a volume of 32097 shares traded. The stock had previously closed at $50.36.

Invesco Ultra Short Duration ETF Trading Up 0.0%

The stock’s 50-day moving average price is $50.28 and its 200 day moving average price is $50.27.

Invesco Ultra Short Duration ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco Ultra Short Duration ETF

Several institutional investors and hedge funds have recently bought and sold shares of GSY. Annex Advisory Services LLC acquired a new stake in shares of Invesco Ultra Short Duration ETF during the 4th quarter valued at about $78,124,000. Cambridge Investment Research Advisors Inc. lifted its stake in Invesco Ultra Short Duration ETF by 673.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,531,312 shares of the company’s stock worth $76,948,000 after purchasing an additional 1,333,336 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Invesco Ultra Short Duration ETF by 113,742.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 771,854 shares of the company’s stock valued at $38,786,000 after purchasing an additional 771,176 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in shares of Invesco Ultra Short Duration ETF by 64.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,569,623 shares of the company’s stock valued at $78,874,000 after purchasing an additional 615,515 shares during the period. Finally, Capital Asset Advisory Services LLC raised its holdings in shares of Invesco Ultra Short Duration ETF by 49.9% in the 4th quarter. Capital Asset Advisory Services LLC now owns 1,249,389 shares of the company’s stock worth $62,832,000 after buying an additional 416,003 shares in the last quarter.

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.