Royal Bank Of Canada Upgrades Invesco Ultra Short Duration ETF (NYSEARCA:GSY) to “Hold”

Invesco Ultra Short Duration ETF (NYSEARCA:GSY) was upgraded by equities researchers at Royal Bank Of Canada to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Invesco Ultra Short Duration ETF Price Performance

Shares of NYSEARCA GSY opened at $50.26 on Wednesday. The business has a 50-day simple moving average of $50.23 and a two-hundred day simple moving average of $50.16. Invesco Ultra Short Duration ETF has a fifty-two week low of $49.98 and a fifty-two week high of $50.38.

Institutional Investors Weigh In On Invesco Ultra Short Duration ETF

A number of institutional investors and hedge funds have recently modified their holdings of GSY. LPL Financial LLC lifted its holdings in shares of Invesco Ultra Short Duration ETF by 28.8% during the first quarter. LPL Financial LLC now owns 3,317,876 shares of the company’s stock worth $166,292,000 after purchasing an additional 741,703 shares during the period. Bank of America Corp DE lifted its holdings in shares of Invesco Ultra Short Duration ETF by 35.3% during the second quarter. Bank of America Corp DE now owns 1,560,270 shares of the company’s stock worth $78,232,000 after purchasing an additional 406,664 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in shares of Invesco Ultra Short Duration ETF by 31.5% during the first quarter. Atria Wealth Solutions Inc. now owns 1,031,682 shares of the company’s stock worth $51,708,000 after purchasing an additional 247,257 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco Ultra Short Duration ETF by 64.8% during the second quarter. Envestnet Asset Management Inc. now owns 606,999 shares of the company’s stock worth $30,435,000 after purchasing an additional 238,766 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in shares of Invesco Ultra Short Duration ETF by 47.2% during the second quarter. Osaic Holdings Inc. now owns 723,610 shares of the company’s stock worth $36,283,000 after purchasing an additional 232,130 shares during the period.

Invesco Ultra Short Duration ETF Company 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.