Parsons Capital Management Inc. RI Sells 16,452 Shares of Invesco Ultra Short Duration ETF $GSY

Parsons Capital Management Inc. RI decreased its position in Invesco Ultra Short Duration ETF (NYSEARCA:GSY) by 25.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,988 shares of the company’s stock after selling 16,452 shares during the period. Parsons Capital Management Inc. RI’s holdings in Invesco Ultra Short Duration ETF were worth $2,462,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Royal Bank of Canada boosted its stake in shares of Invesco Ultra Short Duration ETF by 28.8% in the 1st quarter. Royal Bank of Canada now owns 57,917 shares of the company’s stock worth $2,903,000 after buying an additional 12,962 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Invesco Ultra Short Duration ETF by 75.6% in the first quarter. AQR Capital Management LLC now owns 9,249 shares of the company’s stock valued at $464,000 after acquiring an additional 3,982 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of 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 valued at $982,000 after acquiring an additional 1,006 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Invesco Ultra Short Duration ETF during the first quarter valued at approximately $355,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Invesco Ultra Short Duration ETF by 2.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 29,346 shares of the company’s stock worth $1,471,000 after acquiring an additional 600 shares during the period.

Invesco Ultra Short Duration ETF Price Performance

GSY stock opened at $50.09 on Friday. The stock’s fifty day simple moving average is $50.25 and its two-hundred day simple moving average is $50.27. Invesco Ultra Short Duration ETF has a 1-year low of $49.98 and a 1-year high of $50.39.

Invesco Ultra Short Duration ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were paid a dividend of $0.1738 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Monday, February 23rd.

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.