Invesco Equal Weight 0-30 Year Treasury ETF (NASDAQ:GOVI) Sets New 12-Month Low – Time to Sell?

Invesco Equal Weight 0-30 Year Treasury ETF (NASDAQ:GOVI)’s share price hit a new 52-week low on Monday. The stock traded as low as $25.11 and last traded at $25.10, with a volume of 128523 shares. The stock had previously closed at $25.26.

Invesco Equal Weight 0-30 Year Treasury ETF Stock Down 0.6%

The stock has a 50 day simple moving average of $26.20 and a 200-day simple moving average of $26.76.

Invesco Equal Weight 0-30 Year Treasury ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a dividend of $0.0926 per share. This is an increase from Invesco Equal Weight 0-30 Year Treasury ETF’s previous monthly dividend of $0.0924. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Monday, September 21st.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in Invesco Equal Weight 0-30 Year Treasury ETF by 375.9% in 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 last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Invesco Equal Weight 0-30 Year Treasury ETF by 219.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 498,844 shares of the company’s stock worth $13,544,000 after acquiring an additional 342,504 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Invesco Equal Weight 0-30 Year Treasury ETF by 151.3% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 422,281 shares of the company’s stock valued at $11,465,000 after acquiring an additional 254,271 shares during the last quarter. Econ Financial Services Corp bought a new position in shares of Invesco Equal Weight 0-30 Year Treasury ETF during the 1st quarter valued at approximately $6,167,000. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of Invesco Equal Weight 0-30 Year Treasury ETF by 320.1% in the second quarter. Integrated Wealth Concepts LLC now owns 283,559 shares of the company’s stock valued at $7,699,000 after purchasing an additional 216,060 shares in the last quarter.

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.