Invesco Ultra Short Duration ETF (GSY) Receives Buy Rating from Raymond James

Raymond James restated their buy rating on shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) in a research report sent to investors on Monday. They currently have a $58.00 price objective on the stock.

Shares of GSY stock opened at $50.18 on Monday. Invesco Ultra Short Duration ETF has a 52 week low of $50.11 and a 52 week high of $50.40.

The business also recently announced a monthly dividend, which was paid on Friday, November 30th. Investors of record on Tuesday, November 20th were issued a dividend of $0.0989 per share. This is an increase from Invesco Ultra Short Duration ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Monday, November 19th. This represents a $1.19 annualized dividend and a dividend yield of 2.36%.

Hedge funds have recently made changes to their positions in the stock. US Bancorp DE bought a new stake in shares of Invesco Ultra Short Duration ETF during the 3rd quarter worth about $124,000. Belpointe Asset Management LLC acquired a new stake in Invesco Ultra Short Duration ETF in the 3rd quarter worth about $147,000. D. Scott Neal Inc. acquired a new stake in Invesco Ultra Short Duration ETF in the 2nd quarter worth about $166,000. Main Management LLC acquired a new stake in Invesco Ultra Short Duration ETF in the 3rd quarter worth about $199,000. Finally, First Heartland Consultants Inc. acquired a new stake in Invesco Ultra Short Duration ETF in the 2nd quarter worth about $201,000.

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