Avestar Capital LLC Grows Stake in Invesco Ultra Short Duration ETF $GSY

Avestar Capital LLC increased its stake in shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) by 75.1% in the 4th quarter, Holdings Channel reports. The firm owned 280,495 shares of the company’s stock after purchasing an additional 120,308 shares during the period. Invesco Ultra Short Duration ETF accounts for 0.9% of Avestar Capital LLC’s investment portfolio, making the stock its 21st largest holding. Avestar Capital LLC’s holdings in Invesco Ultra Short Duration ETF were worth $14,095,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GSY. Goldman Sachs Group Inc. purchased a new stake in Invesco Ultra Short Duration ETF in the 4th quarter valued at $6,933,000. Redwood Financial Network Corp raised its stake in shares of Invesco Ultra Short Duration ETF by 63.0% in the fourth quarter. Redwood Financial Network Corp now owns 19,264 shares of the company’s stock valued at $968,000 after acquiring an additional 7,449 shares in the last quarter. Blueline Advisors LLC purchased a new position in shares of Invesco Ultra Short Duration ETF in the 4th quarter valued at about $358,000. Kingsview Wealth Management LLC raised its holdings in shares of Invesco Ultra Short Duration ETF by 20.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 8,964 shares of the company’s stock valued at $450,000 after purchasing an additional 1,542 shares in the last quarter. Finally, Integrity Alliance LLC. purchased a new stake in Invesco Ultra Short Duration ETF during the fourth quarter worth approximately $2,073,000.

Invesco Ultra Short Duration ETF Price Performance

GSY stock opened at $50.17 on Thursday. Invesco Ultra Short Duration ETF has a twelve month low of $50.05 and a twelve month high of $50.39. The company’s 50 day moving average is $50.15 and its two-hundred day moving average is $50.23.

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.