Petix & Botte Co Decreases Stock Holdings in Invesco Ultra Short Duration ETF $GSY

Petix & Botte Co lowered its holdings in Invesco Ultra Short Duration ETF (NYSEARCA:GSY) by 9.7% during the 2nd quarter, Holdings Channel reports. The firm owned 14,171 shares of the company’s stock after selling 1,520 shares during the period. Petix & Botte Co’s holdings in Invesco Ultra Short Duration ETF were worth $711,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GSY. Envestnet Asset Management Inc. increased its holdings in Invesco Ultra Short Duration ETF by 6.9% during the first quarter. Envestnet Asset Management Inc. now owns 368,233 shares of the company’s stock worth $18,456,000 after buying an additional 23,838 shares during the last quarter. Wagner Wealth Management LLC grew its stake in shares of Invesco Ultra Short Duration ETF by 2.1% during the 2nd quarter. Wagner Wealth Management LLC now owns 13,034 shares of the company’s stock worth $654,000 after acquiring an additional 271 shares during the period. Patton Albertson Miller Group LLC increased its holdings in Invesco Ultra Short Duration ETF by 7.1% in the 2nd quarter. Patton Albertson Miller Group LLC now owns 9,557 shares of the company’s stock worth $479,000 after acquiring an additional 635 shares during the last quarter. Total Clarity Wealth Management Inc. raised its stake in Invesco Ultra Short Duration ETF by 63.9% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 18,243 shares of the company’s stock valued at $915,000 after acquiring an additional 7,115 shares during the period. Finally, Truist Financial Corp lifted its holdings in Invesco Ultra Short Duration ETF by 7.5% during the second quarter. Truist Financial Corp now owns 108,999 shares of the company’s stock valued at $5,465,000 after purchasing an additional 7,626 shares during the last quarter.

Analysts Set New Price Targets

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 Price Performance

Shares of GSY opened at $50.32 on Thursday. Invesco Ultra Short Duration ETF has a 1-year low of $49.98 and a 1-year high of $50.38. The firm’s 50 day simple moving average is $50.27 and its 200 day simple moving average is $50.20.

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.