TT Capital Management LLC Makes New $1.63 Million Investment in Invesco Ultra Short Duration ETF $GSY

TT Capital Management LLC acquired a new stake in shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 32,493 shares of the company’s stock, valued at approximately $1,629,000. TT Capital Management LLC owned about 0.06% of Invesco Ultra Short Duration ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Bank of America Corp DE raised its position in shares of Invesco Ultra Short Duration ETF by 35.3% during the second quarter. Bank of America Corp DE now owns 1,560,270 shares of the company’s stock worth $78,232,000 after purchasing an additional 406,664 shares during the period. Envestnet Asset Management Inc. raised its holdings in Invesco Ultra Short Duration ETF by 64.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 606,999 shares of the company’s stock worth $30,435,000 after buying an additional 238,766 shares during the period. Gotham Asset Management LLC lifted its stake in Invesco Ultra Short Duration ETF by 349.6% during the first quarter. Gotham Asset Management LLC now owns 286,782 shares of the company’s stock valued at $14,374,000 after buying an additional 223,000 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of Invesco Ultra Short Duration ETF by 247.6% in the second quarter. MML Investors Services LLC now owns 295,645 shares of the company’s stock worth $14,824,000 after buying an additional 210,589 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Invesco Ultra Short Duration ETF by 2,763.3% in the second quarter. Jane Street Group LLC now owns 202,747 shares of the company’s stock worth $10,166,000 after buying an additional 195,666 shares during the period.

Invesco Ultra Short Duration ETF Stock Up 0.0%

NYSEARCA GSY opened at $50.31 on Friday. Invesco Ultra Short Duration ETF has a 1-year low of $49.98 and a 1-year high of $50.38. The firm’s fifty day simple moving average is $50.27 and its 200-day simple moving average is $50.22.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada upgraded shares of 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.