Drive Wealth Management LLC Has $409,000 Holdings in Invesco Ultra Short Duration ETF $GSY

Drive Wealth Management LLC trimmed its position in shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) by 94.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,134 shares of the company’s stock after selling 149,922 shares during the period. Drive Wealth Management LLC’s holdings in Invesco Ultra Short Duration ETF were worth $409,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GSY. Royal Bank of Canada lifted its stake in Invesco Ultra Short Duration ETF by 28.8% in the first quarter. Royal Bank of Canada now owns 57,917 shares of the company’s stock valued at $2,903,000 after acquiring an additional 12,962 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Invesco Ultra Short Duration ETF by 75.6% during the 1st quarter. AQR Capital Management LLC now owns 9,249 shares of the company’s stock valued at $464,000 after purchasing an additional 3,982 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Invesco Ultra Short Duration ETF by 5.4% in the 1st quarter. NewEdge Advisors LLC now owns 19,587 shares of the company’s stock valued at $982,000 after purchasing an additional 1,006 shares during the last quarter. Jane Street Group LLC bought a new stake in Invesco Ultra Short Duration ETF in the first quarter worth $355,000. Finally, Farther Finance Advisors LLC increased its position in Invesco Ultra Short Duration ETF by 1,422.4% during the second quarter. Farther Finance Advisors LLC now owns 2,238 shares of the company’s stock worth $112,000 after buying an additional 2,091 shares during the last quarter.

Invesco Ultra Short Duration ETF Price Performance

GSY stock opened at $50.19 on Friday. Invesco Ultra Short Duration ETF has a twelve month low of $49.98 and a twelve month high of $50.38. The business’s 50-day simple moving average is $50.27 and its 200 day simple moving average is $50.25.

Invesco Ultra Short Duration ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were given a dividend of $0.1872 per share. This is a boost from Invesco Ultra Short Duration ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Tuesday, January 20th.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada raised Invesco Ultra Short Duration ETF to a “hold” rating in a research report on Wednesday, October 1st.

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.