Independent Financial Group LLC Invests $1.58 Million in Invesco Ultra Short Duration ETF $GSY

Independent Financial Group LLC purchased a new stake in shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 31,516 shares of the company’s stock, valued at approximately $1,580,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GSY. Tucker Asset Management LLC bought a new position in Invesco Ultra Short Duration ETF in the 4th quarter valued at about $25,000. Motiv8 Investments LLC bought a new stake in shares of Invesco Ultra Short Duration ETF during the 4th quarter worth about $31,000. Lodestone Wealth Management LLC acquired a new stake in shares of Invesco Ultra Short Duration ETF in the 4th quarter worth approximately $33,000. Beacon Capital Management Inc. boosted its holdings in shares of Invesco Ultra Short Duration ETF by 302.4% in the fourth quarter. Beacon Capital Management Inc. now owns 684 shares of the company’s stock valued at $34,000 after acquiring an additional 514 shares in the last quarter. Finally, SHP Wealth Management bought a new position in shares of Invesco Ultra Short Duration ETF in the fourth quarter valued at approximately $35,000.

Invesco Ultra Short Duration ETF Stock Performance

NYSEARCA GSY opened at $50.24 on Monday. Invesco Ultra Short Duration ETF has a 12 month low of $50.05 and a 12 month high of $50.39. The company’s 50 day simple moving average is $50.17 and its 200 day simple moving average is $50.21.

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.