Invesco Equal Weight 0-30 Year Treasury ETF (NASDAQ:GOVI) Hits New 1-Year Low – Here’s Why

Invesco Equal Weight 0-30 Year Treasury ETF (NASDAQ:GOVI)’s share price reached a new 52-week low during trading on Tuesday. The stock traded as low as $25.31 and last traded at $25.40, with a volume of 406096 shares traded. The stock had previously closed at $25.55.

Invesco Equal Weight 0-30 Year Treasury ETF Price Performance

The company has a 50 day moving average of $26.25 and a 200 day moving average of $26.79.

Invesco Equal Weight 0-30 Year Treasury ETF Increases Dividend

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

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

Several large investors have recently made changes to their positions in GOVI. Bank of America Corp DE boosted its stake in shares of 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 valued at $18,534,000 after purchasing an additional 536,650 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Invesco Equal Weight 0-30 Year Treasury ETF by 219.1% in the second quarter. Envestnet Asset Management Inc. now owns 498,844 shares of the company’s stock valued at $13,544,000 after buying an additional 342,504 shares during the period. Concurrent Investment Advisors LLC boosted its stake in Invesco Equal Weight 0-30 Year Treasury ETF by 151.3% in the second 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 Invesco Equal Weight 0-30 Year Treasury ETF in the first quarter valued at approximately $6,167,000. Finally, Integrated Wealth Concepts LLC boosted its stake in 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 acquiring an additional 216,060 shares during the last quarter.

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.