Gradient Investments LLC Sells 28,572 Shares of Invesco Ultra Short Duration ETF $GSY

Gradient Investments LLC reduced its stake in Invesco Ultra Short Duration ETF (NYSEARCA:GSY) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,409,616 shares of the company’s stock after selling 28,572 shares during the period. Invesco Ultra Short Duration ETF comprises 1.1% of Gradient Investments LLC’s investment portfolio, making the stock its 18th largest position. Gradient Investments LLC owned 2.09% of Invesco Ultra Short Duration ETF worth $70,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in GSY. Collier Financial bought a new position in shares of Invesco Ultra Short Duration ETF in the third quarter worth approximately $27,000. Rossby Financial LCC bought a new stake in Invesco Ultra Short Duration ETF during the 3rd quarter valued at $31,000. Newbridge Financial Services Group Inc. boosted its position in Invesco Ultra Short Duration ETF by 206.6% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,015 shares of the company’s stock valued at $51,000 after buying an additional 684 shares during the period. Sound Income Strategies LLC purchased a new stake in Invesco Ultra Short Duration ETF during the 3rd quarter valued at $97,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in Invesco Ultra Short Duration ETF in the 3rd quarter worth $138,000.

Invesco Ultra Short Duration ETF Stock Performance

GSY stock opened at $50.24 on Monday. The firm’s 50-day moving average price is $50.27 and its two-hundred day moving average price is $50.27. Invesco Ultra Short Duration ETF has a 12-month low of $49.98 and a 12-month high of $50.39.

Invesco Ultra Short Duration ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were paid a $0.1738 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 4.2%.

Invesco Ultra Short Duration ETF Company 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.