Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Strong Trading Volume – Still a Buy?

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) shares saw strong trading volume on Monday . 907,783 shares were traded during mid-day trading, an increase of 89% from the previous session’s volume of 479,756 shares.The stock last traded at $50.12 and had previously closed at $50.09.

Invesco Ultra Short Duration ETF Price Performance

The firm’s 50-day moving average is $50.14 and its 200 day moving average is $50.08.

Institutional Investors Weigh In On Invesco Ultra Short Duration ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC boosted its position in Invesco Ultra Short Duration ETF by 4.8% during the third quarter. LPL Financial LLC now owns 2,406,049 shares of the company’s stock worth $120,736,000 after acquiring an additional 109,682 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Invesco Ultra Short Duration ETF by 788.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 1,371,618 shares of the company’s stock valued at $68,444,000 after purchasing an additional 1,217,217 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of Invesco Ultra Short Duration ETF by 35.5% during the 3rd quarter. Axxcess Wealth Management LLC now owns 630,911 shares of the company’s stock worth $31,659,000 after purchasing an additional 165,168 shares during the period. Avestar Capital LLC raised its holdings in Invesco Ultra Short Duration ETF by 7.2% in the third quarter. Avestar Capital LLC now owns 338,342 shares of the company’s stock valued at $16,978,000 after buying an additional 22,797 shares during the period. Finally, Cyndeo Wealth Partners LLC acquired a new position in Invesco Ultra Short Duration ETF during the third quarter valued at approximately $15,875,000.

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.