Drive Wealth Management LLC Acquires 34,818 Shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY)

Drive Wealth Management LLC increased its holdings in shares of Invesco Ultra Short Duration ETF (NYSEARCA:GSY) by 27.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 163,458 shares of the company’s stock after acquiring an additional 34,818 shares during the quarter. Invesco Ultra Short Duration ETF makes up approximately 2.1% of Drive Wealth Management LLC’s portfolio, making the stock its 10th largest position. Drive Wealth Management LLC’s holdings in Invesco Ultra Short Duration ETF were worth $8,202,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GSY. Allworth Financial LP bought a new position in Invesco Ultra Short Duration ETF in the 3rd quarter worth approximately $34,000. Northwest Capital Management Inc grew its stake in shares of Invesco Ultra Short Duration ETF by 8,650.0% in the third quarter. Northwest Capital Management Inc now owns 700 shares of the company’s stock worth $35,000 after acquiring an additional 692 shares during the last quarter. Transcendent Capital Group LLC increased its position in Invesco Ultra Short Duration ETF by 401.4% during the first quarter. Transcendent Capital Group LLC now owns 2,507 shares of the company’s stock worth $125,000 after acquiring an additional 2,007 shares during the period. Concourse Financial Group Securities Inc. raised its stake in Invesco Ultra Short Duration ETF by 10.7% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 2,906 shares of the company’s stock valued at $146,000 after purchasing an additional 280 shares during the last quarter. Finally, Archer Investment Corp acquired a new position in Invesco Ultra Short Duration ETF during the 3rd quarter valued at $147,000.

Invesco Ultra Short Duration ETF Stock Performance

NYSEARCA GSY opened at $50.21 on Monday. The company’s fifty day moving average is $50.19 and its two-hundred day moving average is $50.07. Invesco Ultra Short Duration ETF has a 52-week low of $49.69 and a 52-week high of $50.37.

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.