Avidian Wealth Enterprises LLC Takes $531,000 Position in Invesco Ultra Short Duration ETF $GSY

Avidian Wealth Enterprises LLC acquired a new stake in shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 10,588 shares of the company’s stock, valued at approximately $531,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC bought a new stake in shares of Invesco Ultra Short Duration ETF during the first quarter valued at approximately $46,000. Transce3nd LLC bought a new stake in shares of Invesco Ultra Short Duration ETF during the first quarter valued at approximately $56,000. Harbour Investments Inc. increased its holdings in shares of Invesco Ultra Short Duration ETF by 186.2% during the first quarter. Harbour Investments Inc. now owns 2,201 shares of the company’s stock valued at $110,000 after acquiring an additional 1,432 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Invesco Ultra Short Duration ETF by 1,422.4% during the second quarter. Farther Finance Advisors LLC now owns 2,238 shares of the company’s stock valued at $112,000 after acquiring an additional 2,091 shares in the last quarter. Finally, Concorde Asset Management LLC bought a new stake in shares of Invesco Ultra Short Duration ETF during the first quarter valued at approximately $200,000.

Invesco Ultra Short Duration ETF Stock Performance

Shares of Invesco Ultra Short Duration ETF stock opened at $50.21 on Thursday. The stock has a fifty day simple moving average of $50.25 and a 200 day simple moving average of $50.18. Invesco Ultra Short Duration ETF has a 12-month low of $49.98 and a 12-month high of $50.38.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upgraded Invesco Ultra Short Duration ETF to a “hold” rating in a report on Wednesday, October 1st.

Invesco Ultra Short Duration ETF 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.