Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Hits New 52-Week Low – What’s Next?

Shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) reached a new 52-week low during trading on Monday . The company traded as low as $49.94 and last traded at $49.9450, with a volume of 42915 shares traded. The stock had previously closed at $50.09.

Invesco Ultra Short Duration ETF Stock Down 0.3%

The business’s 50 day moving average price is $50.16 and its two-hundred day moving average price is $50.17.

Hedge Funds Weigh In On Invesco Ultra Short Duration ETF

Several hedge funds have recently modified their holdings of the company. NFSG Corp boosted its position in shares of Invesco Ultra Short Duration ETF by 30.0% during the 1st quarter. NFSG Corp now owns 1,349 shares of the company’s stock valued at $68,000 after purchasing an additional 311 shares in the last quarter. KWB Wealth raised its holdings in shares of Invesco Ultra Short Duration ETF by 3.7% in the 2nd quarter. KWB Wealth now owns 8,990 shares of the company’s stock worth $451,000 after purchasing an additional 317 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in Invesco Ultra Short Duration ETF by 5.0% during the first quarter. Chicago Partners Investment Group LLC now owns 7,255 shares of the company’s stock valued at $364,000 after purchasing an additional 345 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Invesco Ultra Short Duration ETF by 15.6% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,175 shares of the company’s stock valued at $159,000 after purchasing an additional 429 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Invesco Ultra Short Duration ETF by 24.5% during the first quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock worth $117,000 after buying an additional 460 shares in the last quarter.

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.