Invesco Ultra Short Duration ETF (NYSEARCA:GSY) Sets New 12-Month Low – Should You Sell?

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) shares reached a new 52-week low on Monday . The stock traded as low as $49.94 and last traded at $49.9450, with a volume of 42915 shares trading hands. The stock had previously closed at $50.09.

Invesco Ultra Short Duration ETF Stock Performance

The stock’s 50-day moving average is $50.15 and its 200-day moving average is $50.16.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GSY. Motiv8 Investments LLC bought a new position in Invesco Ultra Short Duration ETF during the 4th quarter valued at about $31,000. SHP Wealth Management bought a new stake in Invesco Ultra Short Duration ETF during the fourth quarter worth about $35,000. NFSG Corp increased its holdings in shares of Invesco Ultra Short Duration ETF by 30.0% during the first quarter. NFSG Corp now owns 1,349 shares of the company’s stock worth $68,000 after buying an additional 311 shares in the last quarter. Matrix Private Capital Group LLC acquired a new stake in shares of Invesco Ultra Short Duration ETF during the first quarter worth approximately $69,000. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Invesco Ultra Short Duration ETF by 30.9% in the second quarter. TD Waterhouse Canada Inc. now owns 2,298 shares of the company’s stock valued at $113,000 after acquiring an additional 543 shares during 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.