Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Unusually-High Trading Volume – Time to Buy?

Invesco Ultra Short Duration ETF (NYSEARCA:GSYGet Free Report) shares saw strong trading volume on Wednesday . 1,451,803 shares traded hands during mid-day trading, an increase of 65% from the previous session’s volume of 879,931 shares.The stock last traded at $50.26 and had previously closed at $50.25.

Invesco Ultra Short Duration ETF Stock Performance

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

Invesco Ultra Short Duration ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tucker Asset Management LLC acquired a new position in shares of Invesco Ultra Short Duration ETF in the 4th quarter valued at $25,000. Collier Financial acquired a new stake in Invesco Ultra Short Duration ETF during the 3rd quarter worth about $27,000. AE Wealth Management LLC grew its stake in Invesco Ultra Short Duration ETF by 88.3% during the 2nd quarter. AE Wealth Management LLC now owns 625 shares of the company’s stock valued at $31,000 after purchasing an additional 293 shares during the last quarter. Rossby Financial LCC purchased a new stake in Invesco Ultra Short Duration ETF during the 3rd quarter valued at about $31,000. Finally, Motiv8 Investments LLC acquired a new position in shares of Invesco Ultra Short Duration ETF in the fourth quarter valued at about $31,000.

About Invesco Ultra Short Duration ETF

(Get Free Report)

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.

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