Axxcess Wealth Management LLC Purchases 25,089 Shares of Invesco Ultra Short Duration ETF $GSY

Axxcess Wealth Management LLC boosted its position in shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) by 2.7% in the third quarter, Holdings Channel reports. The fund owned 954,108 shares of the company’s stock after acquiring an additional 25,089 shares during the period. Invesco Ultra Short Duration ETF accounts for 1.0% of Axxcess Wealth Management LLC’s investment portfolio, making the stock its 21st biggest holding. Axxcess Wealth Management LLC’s holdings in Invesco Ultra Short Duration ETF were worth $47,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Allworth Financial LP increased its position in Invesco Ultra Short Duration ETF by 4.8% in the 2nd quarter. Allworth Financial LP now owns 5,411 shares of the company’s stock worth $271,000 after buying an additional 249 shares during the period. Ashton Thomas Private Wealth LLC grew its stake in shares of Invesco Ultra Short Duration ETF by 0.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 35,837 shares of the company’s stock worth $1,800,000 after acquiring an additional 271 shares during the last quarter. AE Wealth Management LLC increased its position in Invesco Ultra Short Duration ETF by 88.3% during the second quarter. AE Wealth Management LLC now owns 625 shares of the company’s stock worth $31,000 after acquiring an additional 293 shares during the period. Sovereign Financial Group Inc. increased its position in Invesco Ultra Short Duration ETF by 1.3% during the third quarter. Sovereign Financial Group Inc. now owns 40,177 shares of the company’s stock worth $2,018,000 after acquiring an additional 512 shares during the period. Finally, Collier Financial acquired a new position in Invesco Ultra Short Duration ETF during the 3rd quarter valued at $27,000.

Invesco Ultra Short Duration ETF Price Performance

Shares of Invesco Ultra Short Duration ETF stock opened at $50.36 on Wednesday. The firm has a fifty day moving average price of $50.28 and a two-hundred day moving average price of $50.27. Invesco Ultra Short Duration ETF has a fifty-two week low of $49.98 and a fifty-two week high of $50.38.

Invesco Ultra Short Duration ETF Increases Dividend

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

About Invesco Ultra Short Duration ETF

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.