JPMorgan Chase & Co. Cuts Position in Invesco Ultra Short Duration ETF $GSY

JPMorgan Chase & Co. decreased its position in Invesco Ultra Short Duration ETF (NYSEARCA:GSY) by 4.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 397,127 shares of the company’s stock after selling 18,783 shares during the quarter. JPMorgan Chase & Co. owned 0.63% of Invesco Ultra Short Duration ETF worth $19,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Collier Financial bought a new stake in Invesco Ultra Short Duration ETF in the third quarter worth $27,000. AE Wealth Management LLC grew its stake in shares of Invesco Ultra Short Duration ETF by 88.3% in the 2nd quarter. AE Wealth Management LLC now owns 625 shares of the company’s stock worth $31,000 after buying an additional 293 shares in the last quarter. Parkside Financial Bank & Trust bought a new stake in shares of Invesco Ultra Short Duration ETF in the 2nd quarter worth about $45,000. Newbridge Financial Services Group Inc. raised its position in shares of Invesco Ultra Short Duration ETF by 206.6% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,015 shares of the company’s stock valued at $51,000 after buying an additional 684 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in shares of Invesco Ultra Short Duration ETF during the 3rd quarter valued at about $97,000.

Invesco Ultra Short Duration ETF Stock Performance

GSY opened at $50.25 on Tuesday. The stock has a 50-day moving average of $50.28 and a 200 day moving average of $50.27. Invesco Ultra Short Duration ETF has a 12 month low of $49.98 and a 12 month high of $50.39.

Invesco Ultra Short Duration ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given 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 dividend yield of 4.2%.

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.