Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sees Unusually-High Trading Volume – Should You Buy?

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) saw an uptick in trading volume on Monday . Approximately 853,751 shares were traded during mid-day trading, an increase of 8% from the previous session’s volume of 787,447 shares.The stock last traded at $50.1250 and had previously closed at $50.10.

Invesco Ultra Short Duration ETF Trading Up 0.1%

The company has a 50-day moving average of $50.16 and a two-hundred day moving average of $50.17.

Institutional Trading of Invesco Ultra Short Duration ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of Invesco Ultra Short Duration ETF by 152.9% during the 1st quarter. Bank of America Corp DE now owns 2,893,767 shares of the company’s stock valued at $145,036,000 after buying an additional 1,749,388 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in Invesco Ultra Short Duration ETF by 64.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,569,623 shares of the company’s stock valued at $78,874,000 after acquiring an additional 615,515 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Invesco Ultra Short Duration ETF by 673.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,531,312 shares of the company’s stock valued at $76,948,000 after acquiring an additional 1,333,336 shares during the period. Capital Asset Advisory Services LLC lifted its position in shares of Invesco Ultra Short Duration ETF by 17.5% in the first quarter. Capital Asset Advisory Services LLC now owns 1,468,130 shares of the company’s stock valued at $73,568,000 after acquiring an additional 218,741 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Invesco Ultra Short Duration ETF by 23.9% in the first quarter. Cetera Investment Advisers now owns 1,377,756 shares of the company’s stock valued at $69,053,000 after acquiring an additional 265,615 shares in the last quarter.

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.