Invesco Equal Weight 0-30 Year Treasury ETF (NYSEARCA:GOVI) Sets New 1-Year Low – Should You Sell?

Invesco Equal Weight 0-30 Year Treasury ETF (NYSEARCA:GOVI) hit a new 52-week low on Thursday . The company traded as low as $26.38 and last traded at $26.40, with a volume of 52436 shares changing hands. The stock had previously closed at $26.44.

Invesco Equal Weight 0-30 Year Treasury ETF Stock Performance

The stock has a 50-day moving average of $26.93 and a two-hundred day moving average of $27.27.

Invesco Equal Weight 0-30 Year Treasury ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 20th were issued a dividend of $0.0915 per share. The ex-dividend date of this dividend was Monday, July 20th. This is a positive change from Invesco Equal Weight 0-30 Year Treasury ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a dividend yield of 4.2%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in GOVI. CoreCap Advisors LLC grew its holdings in Invesco Equal Weight 0-30 Year Treasury ETF by 1,149.3% during the second quarter. CoreCap Advisors LLC now owns 6,709 shares of the company’s stock valued at $182,000 after purchasing an additional 6,172 shares during the period. Curry Webb Wealth Management LLC purchased a new position in shares of Invesco Equal Weight 0-30 Year Treasury ETF during the 1st quarter valued at about $1,172,000. Bank of America Corp DE raised its stake 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 acquiring an additional 536,650 shares during the period. Wealthspire Retirement LLC bought a new position in shares of Invesco Equal Weight 0-30 Year Treasury ETF in the first quarter worth approximately $570,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Invesco Equal Weight 0-30 Year Treasury ETF in the first quarter worth $142,000.

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.