Beacon Investment Advisory Services Inc. Sells 53,625 Shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY)

Beacon Investment Advisory Services Inc. lowered its position in Invesco Ultra Short Duration ETF (NYSEARCA:GSY) by 35.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 98,615 shares of the company’s stock after selling 53,625 shares during the period. Beacon Investment Advisory Services Inc. owned 0.25% of Invesco Ultra Short Duration ETF worth $4,920,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GSY. International Assets Investment Management LLC bought a new position in Invesco Ultra Short Duration ETF in the fourth quarter worth approximately $18,028,000. Gradient Investments LLC raised its stake in shares of Invesco Ultra Short Duration ETF by 42.1% in the fourth quarter. Gradient Investments LLC now owns 1,180,840 shares of the company’s stock worth $58,900,000 after purchasing an additional 349,788 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Invesco Ultra Short Duration ETF in the fourth quarter worth approximately $9,807,000. Gladstone Institutional Advisory LLC raised its stake in shares of Invesco Ultra Short Duration ETF by 21.5% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 789,081 shares of the company’s stock worth $39,359,000 after purchasing an additional 139,552 shares during the last quarter. Finally, Simplicity Wealth LLC purchased a new stake in shares of Invesco Ultra Short Duration ETF in the first quarter worth approximately $6,920,000.

Invesco Ultra Short Duration ETF Price Performance

Shares of Invesco Ultra Short Duration ETF stock remained flat at $50.12 on Thursday. The stock had a trading volume of 231,674 shares, compared to its average volume of 457,032. Invesco Ultra Short Duration ETF has a 12-month low of $49.61 and a 12-month high of $50.13. The stock’s 50-day simple moving average is $49.96 and its 200 day simple moving average is $49.93.

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.