Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Large Volume Increase – Time to Buy?

Shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) saw unusually-high trading volume on Thursday . Approximately 575,123 shares were traded during mid-day trading, an increase of 10% from the previous session’s volume of 524,835 shares.The stock last traded at $50.09 and had previously closed at $50.08.

Invesco Ultra Short Duration ETF Trading Up 0.1 %

The stock’s 50-day moving average price is $50.16 and its 200-day moving average price is $50.16.

Invesco Ultra Short Duration ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a $0.1964 dividend. The ex-dividend date was Monday, March 24th.

Institutional Trading of Invesco Ultra Short Duration ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Napa Wealth Management purchased a new stake in shares of Invesco Ultra Short Duration ETF during the fourth quarter valued at approximately $23,674,000. Atria Wealth Solutions Inc. grew its position in Invesco Ultra Short Duration ETF by 112.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 784,425 shares of the company’s stock valued at $39,308,000 after buying an additional 415,527 shares during the period. Independent Advisor Alliance increased its holdings in Invesco Ultra Short Duration ETF by 4,495.6% during the fourth quarter. Independent Advisor Alliance now owns 368,386 shares of the company’s stock worth $18,460,000 after buying an additional 360,370 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Invesco Ultra Short Duration ETF by 12.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,698,881 shares of the company’s stock valued at $135,241,000 after purchasing an additional 297,335 shares during the period. Finally, Capstone Wealth Management Group LLC bought a new position in Invesco Ultra Short Duration ETF during the fourth quarter worth about $11,691,000.

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.