Invesco Equal Weight 0-30 Year Treasury ETF (NASDAQ:GOVI) Reaches New 12-Month Low – Here’s Why

Invesco Equal Weight 0-30 Year Treasury ETF (NASDAQ:GOVI)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $25.85 and last traded at $25.8450, with a volume of 12720 shares traded. The stock had previously closed at $26.06.

Invesco Equal Weight 0-30 Year Treasury ETF Trading Down 1.4%

The firm’s 50 day moving average price is $26.40 and its two-hundred day moving average price is $26.88.

Invesco Equal Weight 0-30 Year Treasury ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 21st will be paid a $0.0926 dividend. This is an increase from Invesco Equal Weight 0-30 Year Treasury ETF’s previous monthly dividend of $0.09. The ex-dividend date is Monday, September 21st. This represents a c) annualized dividend and a dividend yield of 4.3%.

Institutional Investors Weigh In On Invesco Equal Weight 0-30 Year Treasury ETF

Several large investors have recently modified their holdings of GOVI. Wealthspire Retirement LLC purchased a new stake in shares of Invesco Equal Weight 0-30 Year Treasury ETF in the first quarter valued at about $570,000. WealthBridge Capital Management LLC purchased a new position in Invesco Equal Weight 0-30 Year Treasury ETF during the first quarter worth about $1,069,000. Petix & Botte Co lifted its position in Invesco Equal Weight 0-30 Year Treasury ETF by 7.6% in the first quarter. Petix & Botte Co now owns 646,593 shares of the company’s stock valued at $17,639,000 after purchasing an additional 45,524 shares during the period. Econ Financial Services Corp purchased a new stake in Invesco Equal Weight 0-30 Year Treasury ETF in the 1st quarter valued at approximately $6,167,000. Finally, Bank of America Corp DE increased its position in Invesco Equal Weight 0-30 Year Treasury ETF by 375.9% during the 1st quarter. Bank of America Corp DE now owns 679,428 shares of the company’s stock worth $18,534,000 after purchasing an additional 536,650 shares during the period.

About Invesco Equal Weight 0-30 Year Treasury ETF

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.