Bleakley Financial Group Reduces Stake in Invesco Ultra Short ETF

Bleakley Financial Group LLC has reduced its holdings in the Invesco Ultra Short Duration ETF (NYSEARCA: GSY) by 10.9% during the second quarter of 2023. After selling 10,214 shares, the firm now owns 83,493 shares valued at approximately $4,186,000 as of the latest reporting period.

Several other institutional investors have made changes to their positions in the Invesco Ultra Short Duration ETF. D.A. Davidson & CO. increased its stake by 4.7%, acquiring an additional 3,211 shares to bring its total to 72,186 shares, valued at $3,619,000. Avidian Wealth Enterprises LLC and International Assets Investment Management LLC both entered new positions during the quarter, valued at around $531,000 and $308,000, respectively.

Stratos Wealth Partners LTD. also expanded its investment in the ETF by 18.1%, now holding 14,773 shares worth approximately $741,000 after an acquisition of 2,264 shares. Additionally, Private Trust Co. NA increased its holdings by 20.5%, owning 35,847 shares valued at $1,797,000 after purchasing an additional 6,110 shares in the last quarter.

Current Performance of Invesco Ultra Short Duration ETF

On the trading front, Invesco Ultra Short Duration ETF opened at $50.22 on Friday. The ETF has a fifty-day moving average of $50.25 and a 200-day moving average of $50.18. Over the past year, the ETF has experienced a low of $49.98 and a high of $50.38.

The Invesco Ultra Short Duration ETF primarily invests in investment-grade fixed income securities and aims to outperform the Barclays Capital 1-3 Month U.S. Treasury Bill Index. Launched on February 12, 2008, the fund is managed by Invesco, which oversees a diverse portfolio designed to provide stable returns in the fixed-income market.

For those interested in tracking institutional activity, Holdings Channel offers insights into hedge fund positions and the latest 13F filings related to Invesco Ultra Short Duration ETF. Investors can also sign up for daily summaries of news and analyst ratings concerning the ETF and similar investment options through MarketBeat.com.

This adjustment by Bleakley Financial Group and other institutional investors illustrates the dynamic nature of investment strategies within the fixed-income sector, reflecting broader market trends and individual investment goals.