Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Shares Cross Below 50 Day Moving Average – Here’s Why

Shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $50.17 and traded as low as $50.13. Invesco Ultra Short Duration ETF shares last traded at $50.13, with a volume of 617,029 shares changing hands.

Invesco Ultra Short Duration ETF Stock Performance

The company has a 50 day moving average of $50.17 and a 200-day moving average of $50.18.

Hedge Funds Weigh In On Invesco Ultra Short Duration ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of GSY. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Invesco Ultra Short Duration ETF by 673.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,531,312 shares of the company’s stock valued at $76,948,000 after acquiring an additional 1,333,336 shares during the period. Curry Webb Wealth Management LLC bought a new position in shares of Invesco Ultra Short Duration ETF in the first quarter valued at approximately $11,101,000. Private Advisor Group LLC increased its position in shares of Invesco Ultra Short Duration ETF by 22.0% during the 1st quarter. Private Advisor Group LLC now owns 286,177 shares of the company’s stock valued at $14,343,000 after purchasing an additional 51,594 shares during the period. Sequoia Financial Advisors LLC bought a new position in Invesco Ultra Short Duration ETF during the fourth quarter valued at about $4,720,000. Finally, Bank of America Corp DE boosted its position in shares of Invesco Ultra Short Duration ETF by 152.9% during the 1st quarter. Bank of America Corp DE now owns 2,893,767 shares of the company’s stock valued at $145,036,000 after purchasing an additional 1,749,388 shares in the last quarter.

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.