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US Bancorp DE bought a new position in Invesco Ultra Short Duration ETF (NYSEARCA:GSY) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,477 shares of the company’s stock, valued at approximately $124,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of GSY. Morgan Stanley bought a new position in Invesco Ultra Short Duration ETF in the 2nd quarter worth about $49,029,000. Bank of America Corp DE bought a new stake in shares of Invesco Ultra Short Duration ETF during the 2nd quarter valued at about $47,808,000. Wells Fargo & Company MN bought a new stake in shares of Invesco Ultra Short Duration ETF during the 2nd quarter valued at about $46,330,000. Envestnet Asset Management Inc. bought a new stake in shares of Invesco Ultra Short Duration ETF during the 2nd quarter valued at about $28,531,000. Finally, Buckingham Capital Management Inc. bought a new stake in shares of Invesco Ultra Short Duration ETF during the 2nd quarter valued at about $26,490,000.
Separately, Raymond James reiterated a “buy” rating and set a $58.00 price target on shares of Invesco Ultra Short Duration ETF in a research report on Monday, December 17th.
Shares of GSY remained flat at $$50.20 during trading hours on Friday. The stock had a trading volume of 720,434 shares, compared to its average volume of 355,304. Invesco Ultra Short Duration ETF has a 12-month low of $50.11 and a 12-month high of $50.40.
The firm also recently declared a monthly dividend, which was paid on Friday, November 30th. Stockholders of record on Tuesday, November 20th were given a dividend of $0.0989 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Monday, November 19th. This is an increase from Invesco Ultra Short Duration ETF’s previous monthly dividend of $0.09.
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