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

Shares of Invesco Equal Weight 0-30 Year Treasury ETF (NYSEARCA:GOVI) hit a new 52-week low during trading on Tuesday . The stock traded as low as $26.40 and last traded at $26.40, with a volume of 53148 shares trading hands. The stock had previously closed at $26.57.

Invesco Equal Weight 0-30 Year Treasury ETF Price Performance

The stock’s 50 day moving average price is $27.21 and its two-hundred day moving average price is $27.56.

Invesco Equal Weight 0-30 Year Treasury ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 18th will be given a dividend of $0.084 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a c) dividend on an annualized basis and a yield of 3.8%. This is a positive change from Invesco Equal Weight 0-30 Year Treasury ETF’s previous monthly dividend of $0.08.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco Equal Weight 0-30 Year Treasury ETF by 40.8% during the third quarter. Envestnet Asset Management Inc. now owns 413,322 shares of the company’s stock worth $11,474,000 after buying an additional 119,728 shares during the last quarter. Petix & Botte Co grew its stake in shares of Invesco Equal Weight 0-30 Year Treasury ETF by 14.8% in the third quarter. Petix & Botte Co now owns 521,006 shares of the company’s stock worth $14,463,000 after acquiring an additional 67,077 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in Invesco Equal Weight 0-30 Year Treasury ETF by 32.8% during the third quarter. Integrated Wealth Concepts LLC now owns 410,229 shares of the company’s stock worth $11,388,000 after acquiring an additional 101,366 shares during the period. Crumly & Associates Inc. bought a new position in Invesco Equal Weight 0-30 Year Treasury ETF during the third quarter worth $969,000. Finally, Integrated Capital Management LLC acquired a new position in Invesco Equal Weight 0-30 Year Treasury ETF during the 3rd quarter valued at $9,614,000.

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.