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

Shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) saw an uptick in trading volume on Monday . 1,876,930 shares changed hands during trading, an increase of 115% from the previous session’s volume of 872,160 shares.The stock last traded at $50.08 and had previously closed at $50.24.

Invesco Ultra Short Duration ETF Price Performance

The company’s 50-day moving average is $50.27 and its two-hundred day moving average is $50.27.

Invesco Ultra Short Duration ETF Cuts Dividend

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

Institutional Trading of Invesco Ultra Short Duration ETF

A number of institutional investors have recently modified their holdings of the business. Annex Advisory Services LLC purchased a new position in Invesco Ultra Short Duration ETF in the fourth quarter worth $78,124,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Invesco Ultra Short Duration ETF by 673.5% in the 4th 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 in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Invesco Ultra Short Duration ETF by 113,742.8% during the 4th 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 during the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of Invesco Ultra Short Duration ETF by 64.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,569,623 shares of the company’s stock valued at $78,874,000 after buying an additional 615,515 shares in the last quarter. Finally, Capital Asset Advisory Services LLC lifted its position in 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 during the last quarter.

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.