Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Large Volume Increase – Here’s What Happened

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) shares saw strong trading volume on Monday . 2,483,887 shares traded hands during trading, an increase of 132% from the previous session’s volume of 1,071,716 shares.The stock last traded at $50.2150 and had previously closed at $50.19.

Analyst Ratings Changes

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 Price Performance

The company’s 50-day moving average is $50.27 and its two-hundred day moving average is $50.25.

Invesco Ultra Short Duration ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were given a $0.1872 dividend. This represents a c) annualized dividend and a yield of 4.5%. This is a positive change from Invesco Ultra Short Duration ETF’s previous monthly dividend of $0.18. The ex-dividend date was Tuesday, January 20th.

Institutional Trading of Invesco Ultra Short Duration ETF

Several large investors have recently added to or reduced their stakes in GSY. Collier Financial bought a new stake in Invesco Ultra Short Duration ETF in the third quarter valued at $27,000. AE Wealth Management LLC increased its position in Invesco Ultra Short Duration ETF by 88.3% in the second quarter. AE Wealth Management LLC now owns 625 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares during the period. Rossby Financial LCC bought a new position in Invesco Ultra Short Duration ETF in the third quarter valued at approximately $31,000. Lodestone Wealth Management LLC acquired a new stake in shares of Invesco Ultra Short Duration ETF during the fourth quarter worth $33,000. Finally, Parkside Financial Bank & Trust bought a new stake in shares of Invesco Ultra Short Duration ETF in the 2nd quarter valued at about $45,000.

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.