Invesco Equal Weight 0-30 Year Treasury ETF (NYSEARCA:GOVI) Reaches New 52-Week High – Here’s Why

Shares of Invesco Equal Weight 0-30 Year Treasury ETF (NYSEARCA:GOVI) hit a new 52-week high during trading on Tuesday . The company traded as high as $28.69 and last traded at $28.13, with a volume of 104 shares. The stock had previously closed at $28.08.

Invesco Equal Weight 0-30 Year Treasury ETF Stock Performance

The firm has a 50 day moving average price of $27.64 and a two-hundred day moving average price of $27.36.

Invesco Equal Weight 0-30 Year Treasury ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.0867 per share. The ex-dividend date was Monday, September 22nd. This represents a c) annualized dividend and a yield of 3.7%.

Hedge Funds Weigh In On Invesco Equal Weight 0-30 Year Treasury ETF

Several institutional investors and hedge funds have recently made changes to their positions in GOVI. Janney Montgomery Scott LLC increased its stake in shares of Invesco Equal Weight 0-30 Year Treasury ETF by 21.6% in the first quarter. Janney Montgomery Scott LLC now owns 133,798 shares of the company’s stock worth $3,722,000 after buying an additional 23,724 shares during the last quarter. Sowell Financial Services LLC grew its holdings in Invesco Equal Weight 0-30 Year Treasury ETF by 33.0% during the 1st quarter. Sowell Financial Services LLC now owns 15,233 shares of the company’s stock worth $424,000 after acquiring an additional 3,781 shares in the last quarter. PFG Investments LLC increased its position in shares of Invesco Equal Weight 0-30 Year Treasury ETF by 83.1% in the 1st quarter. PFG Investments LLC now owns 24,750 shares of the company’s stock worth $689,000 after purchasing an additional 11,235 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Invesco Equal Weight 0-30 Year Treasury ETF by 34.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 34,328 shares of the company’s stock worth $955,000 after purchasing an additional 8,821 shares during the last quarter. Finally, Spire Wealth Management acquired a new stake in shares of Invesco Equal Weight 0-30 Year Treasury ETF in the 1st quarter valued at about $492,000.

Invesco Equal Weight 0-30 Year Treasury ETF Company Profile

The Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that invests in an equal-weighted 30-year ladder of US Treasury securities. GOVI was launched on Oct 11, 2007 and is issued by Invesco.