Parsons Capital Management Inc. RI Boosts Stake in Invesco Ultra Short Duration ETF $GSY

Parsons Capital Management Inc. RI grew its position in shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) by 213.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,440 shares of the company’s stock after buying an additional 44,552 shares during the quarter. Parsons Capital Management Inc. RI owned 0.11% of Invesco Ultra Short Duration ETF worth $3,287,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Royal Bank of Canada increased its position in shares of Invesco Ultra Short Duration ETF by 28.8% during the first quarter. Royal Bank of Canada now owns 57,917 shares of the company’s stock valued at $2,903,000 after acquiring an additional 12,962 shares during the last quarter. AQR Capital Management LLC grew its stake in Invesco Ultra Short Duration ETF by 75.6% in the 1st quarter. AQR Capital Management LLC now owns 9,249 shares of the company’s stock valued at $464,000 after purchasing an additional 3,982 shares during the period. NewEdge Advisors LLC increased its position in shares of Invesco Ultra Short Duration ETF by 5.4% during the 1st quarter. NewEdge Advisors LLC now owns 19,587 shares of the company’s stock valued at $982,000 after purchasing an additional 1,006 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Invesco Ultra Short Duration ETF during the 1st quarter worth $355,000. Finally, Farther Finance Advisors LLC increased its holdings in 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 worth $112,000 after buying an additional 2,091 shares during the last quarter.

Invesco Ultra Short Duration ETF Stock Up 0.0%

Invesco Ultra Short Duration ETF stock opened at $50.35 on Tuesday. Invesco Ultra Short Duration ETF has a one year low of $49.98 and a one year high of $50.38. The business has a fifty day moving average price of $50.28 and a 200-day moving average price of $50.25.

Invesco Ultra Short Duration ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th will be issued a dividend of $0.1872 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, January 20th. This is a boost from Invesco Ultra Short Duration ETF’s previous monthly dividend of $0.18.

Analyst Ratings Changes

Separately, Royal Bank Of Canada raised shares of Invesco Ultra Short Duration ETF to a “hold” rating in a research 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.