Invesco Ultra Short Duration ETF $GSY Position Cut by Johnson Bixby & Associates LLC

Johnson Bixby & Associates LLC reduced its holdings in Invesco Ultra Short Duration ETF (NYSEARCA:GSY) by 16.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 292,626 shares of the company’s stock after selling 56,592 shares during the quarter. Invesco Ultra Short Duration ETF accounts for 1.8% of Johnson Bixby & Associates LLC’s portfolio, making the stock its 17th largest position. Johnson Bixby & Associates LLC owned about 0.44% of Invesco Ultra Short Duration ETF worth $14,704,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in Invesco Ultra Short Duration ETF by 35.3% during the 2nd quarter. Bank of America Corp DE now owns 1,560,270 shares of the company’s stock worth $78,232,000 after acquiring an additional 406,664 shares during the period. UBS Group AG increased its holdings in shares of Invesco Ultra Short Duration ETF by 9.5% during the third quarter. UBS Group AG now owns 1,353,803 shares of the company’s stock valued at $68,007,000 after purchasing an additional 117,498 shares during the period. Capital Asset Advisory Services LLC raised its stake in shares of Invesco Ultra Short Duration ETF by 49.9% during the fourth quarter. Capital Asset Advisory Services LLC now owns 1,249,389 shares of the company’s stock valued at $62,832,000 after purchasing an additional 416,003 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Invesco Ultra Short Duration ETF by 10.0% during the third quarter. Raymond James Financial Inc. now owns 1,001,672 shares of the company’s stock valued at $50,318,000 after purchasing an additional 90,754 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its holdings in Invesco Ultra Short Duration ETF by 2.7% in the third quarter. Axxcess Wealth Management LLC now owns 954,108 shares of the company’s stock worth $47,929,000 after purchasing an additional 25,089 shares during the period.

Invesco Ultra Short Duration ETF Stock Performance

Shares of GSY opened at $50.09 on Monday. The firm has a 50-day moving average price of $50.25 and a 200 day moving average price of $50.27. Invesco Ultra Short Duration ETF has a 52-week low of $49.98 and a 52-week high of $50.39.

Invesco Ultra Short Duration ETF Cuts Dividend

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

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.