Invesco Equal Weight 0-30 Year Treasury ETF (NASDAQ:GOVI) Reaches New 12-Month Low – Here’s What Happened

Invesco Equal Weight 0-30 Year Treasury ETF (NASDAQ:GOVI)’s share price reached a new 52-week low during trading on Wednesday. The company traded as low as $25.85 and last traded at $25.8450, with a volume of 12720 shares. The stock had previously closed at $26.06.

Invesco Equal Weight 0-30 Year Treasury ETF Stock Down 0.8%

The company has a fifty day moving average price of $26.35 and a two-hundred day moving average price of $26.85.

Invesco Equal Weight 0-30 Year Treasury ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 21st will be paid a $0.0926 dividend. This is a positive change from Invesco Equal Weight 0-30 Year Treasury ETF’s previous monthly dividend of $0.0924. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Monday, September 21st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GOVI. Bank of America Corp DE raised its holdings 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 valued at $18,534,000 after acquiring an additional 536,650 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Invesco Equal Weight 0-30 Year Treasury ETF by 219.1% during the second 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 during the period. Concurrent Investment Advisors LLC boosted its holdings in shares of Invesco Equal Weight 0-30 Year Treasury ETF by 151.3% during the second quarter. Concurrent Investment Advisors LLC now owns 422,281 shares of the company’s stock worth $11,465,000 after acquiring an additional 254,271 shares during the period. Econ Financial Services Corp acquired a new position in shares of Invesco Equal Weight 0-30 Year Treasury ETF in the first quarter valued at approximately $6,167,000. Finally, Integrated Wealth Concepts LLC grew its position 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 during 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.