Invesco Short Term Treasury ETF (NYSEARCA:TBLL) Reaches New 1-Year Low – Should You Sell?

Invesco Short Term Treasury ETF (NYSEARCA:TBLL) shares hit a new 52-week low on Monday. The company traded as low as $105.45 and last traded at $105.4550, with a volume of 11,070 shares trading hands. The stock had previously closed at $105.78.

Invesco Short Term Treasury ETF Stock Performance

The company has a 50 day simple moving average of $105.67 and a 200-day simple moving average of $105.64.

Hedge Funds Weigh In On Invesco Short Term Treasury ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Highland Investment Advisors LLC bought a new position in Invesco Short Term Treasury ETF in the second quarter worth $209,000. Stableford Capital II LLC bought a new stake in Invesco Short Term Treasury ETF in the 3rd quarter worth about $216,000. Whalen Wealth Management Inc. purchased a new stake in shares of Invesco Short Term Treasury ETF during the 3rd quarter valued at about $260,000. Crumly & Associates Inc. bought a new stake in shares of Invesco Short Term Treasury ETF in the third quarter worth approximately $262,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of Invesco Short Term Treasury ETF in the first quarter worth approximately $272,000.

About Invesco Short Term Treasury ETF

The Invesco Short Term Treasury ETF (TBLL) is an exchange-traded fund that is based on the ICE US Treasury Short Bond index. The fund tracks a market-weighted index of debt issued by the US Treasury. Remaining maturity must be between 1-12 months. TBLL was launched on Jan 12, 2017 and is issued by Invesco.