Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Reaches New 12-Month Low – Here’s Why

Invesco Ultra Short Duration ETF (NYSEARCA:GSY)’s share price reached a new 52-week low during trading on Monday. The company traded as low as $49.90 and last traded at $49.90, with a volume of 962,193 shares traded. The stock had previously closed at $50.07.

Invesco Ultra Short Duration ETF Stock Performance

The business’s 50 day moving average price is $50.09 and its 200-day moving average price is $50.14.

Institutional Investors Weigh In On Invesco Ultra Short Duration ETF

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of Invesco Ultra Short Duration ETF by 152.9% in the first quarter. Bank of America Corp DE now owns 2,893,767 shares of the company’s stock valued at $145,036,000 after acquiring an additional 1,749,388 shares in the last quarter. Capital Asset Advisory Services LLC increased its position in Invesco Ultra Short Duration ETF by 17.5% during the first quarter. Capital Asset Advisory Services LLC now owns 1,468,130 shares of the company’s stock worth $73,568,000 after acquiring an additional 218,741 shares during the period. Axxcess Wealth Management LLC increased its position in Invesco Ultra Short Duration ETF by 6.2% during the first quarter. Axxcess Wealth Management LLC now owns 1,435,698 shares of the company’s stock worth $71,957,000 after acquiring an additional 83,509 shares during the period. Cetera Investment Advisers raised its stake in Invesco Ultra Short Duration ETF by 23.9% in the 1st quarter. Cetera Investment Advisers now owns 1,377,756 shares of the company’s stock worth $69,053,000 after purchasing an additional 265,615 shares in the last quarter. Finally, Johnson Bixby & Associates LLC raised its stake in Invesco Ultra Short Duration ETF by 305.8% in the 3rd quarter. Johnson Bixby & Associates LLC now owns 1,206,535 shares of the company’s stock worth $60,242,000 after purchasing an additional 909,179 shares in the last quarter.

Invesco Ultra Short Duration ETF Company Profile

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.