Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Reaches New 52-Week High – Should You Buy?

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) shares hit a new 52-week high on Tuesday . The stock traded as high as $50.38 and last traded at $50.3750, with a volume of 32097 shares changing hands. The stock had previously closed at $50.36.

Invesco Ultra Short Duration ETF Price Performance

The business’s 50-day simple moving average is $50.28 and its 200-day simple moving average is $50.26.

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 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 was Tuesday, January 20th. This is a positive change from Invesco Ultra Short Duration ETF’s previous monthly dividend of $0.18.

Hedge Funds Weigh In On Invesco Ultra Short Duration ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in GSY. Royal Bank of Canada increased its position in Invesco Ultra Short Duration ETF by 28.8% during the 1st quarter. Royal Bank of Canada now owns 57,917 shares of the company’s stock valued at $2,903,000 after purchasing an additional 12,962 shares during the period. AQR Capital Management LLC boosted its stake in shares of Invesco Ultra Short Duration ETF by 75.6% during 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 in the last quarter. NewEdge Advisors LLC increased its position in shares of Invesco Ultra Short Duration ETF by 5.4% during the first quarter. NewEdge Advisors LLC now owns 19,587 shares of the company’s stock valued at $982,000 after buying an additional 1,006 shares during the period. Jane Street Group LLC bought a new position in Invesco Ultra Short Duration ETF in the first quarter worth about $355,000. Finally, Stratos Wealth Partners LTD. lifted its holdings in Invesco Ultra Short Duration ETF by 18.1% in the second quarter. Stratos Wealth Partners LTD. now owns 14,773 shares of the company’s stock worth $741,000 after buying an additional 2,264 shares during the period.

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.