HighTower Advisors LLC Trims Stock Position in Invesco Ultra Short Duration ETF (NYSEARCA:GSY)

HighTower Advisors LLC trimmed its position in Invesco Ultra Short Duration ETF (NYSEARCA:GSY) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,393 shares of the company’s stock after selling 337 shares during the period. HighTower Advisors LLC’s holdings in Invesco Ultra Short Duration ETF were worth $1,022,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GSY. Gradient Investments LLC increased its position in shares of Invesco Ultra Short Duration ETF by 1.9% during the fourth quarter. Gradient Investments LLC now owns 1,405,565 shares of the company’s stock valued at $70,433,000 after acquiring an additional 26,390 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Invesco Ultra Short Duration ETF by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 1,327,178 shares of the company’s stock worth $66,598,000 after acquiring an additional 17,507 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in shares of Invesco Ultra Short Duration ETF by 112.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 784,425 shares of the company’s stock worth $39,308,000 after acquiring an additional 415,527 shares during the period. Capital Asset Advisory Services LLC raised its stake in shares of Invesco Ultra Short Duration ETF by 7.9% in the fourth quarter. Capital Asset Advisory Services LLC now owns 668,072 shares of the company’s stock valued at $33,484,000 after acquiring an additional 49,004 shares in the last quarter. Finally, Greenleaf Trust boosted its holdings in Invesco Ultra Short Duration ETF by 14.3% in the fourth quarter. Greenleaf Trust now owns 484,301 shares of the company’s stock valued at $24,268,000 after purchasing an additional 60,753 shares during the period.

Invesco Ultra Short Duration ETF Stock Performance

Shares of NYSEARCA GSY opened at $50.08 on Thursday. The stock’s 50-day moving average is $50.16 and its two-hundred day moving average is $50.16. Invesco Ultra Short Duration ETF has a 1-year low of $49.75 and a 1-year high of $50.37.

Invesco Ultra Short Duration ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be paid a dividend of $0.1964 per share. The ex-dividend date is Monday, March 24th.

Invesco Ultra Short Duration ETF 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.