Invesco Equal Weight 0-30 Year Treasury ETF (NYSEARCA:GOVI) Sees Large Volume Increase – Still a Buy?

Invesco Equal Weight 0-30 Year Treasury ETF (NYSEARCA:GOVI) saw unusually-strong trading volume on Tuesday . Approximately 711,978 shares changed hands during mid-day trading, an increase of 208% from the previous session’s volume of 231,331 shares.The stock last traded at $27.77 and had previously closed at $27.72.

Invesco Equal Weight 0-30 Year Treasury ETF Price Performance

The company’s 50-day moving average is $27.31 and its two-hundred day moving average is $27.86.

Invesco Equal Weight 0-30 Year Treasury ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were issued a $0.0815 dividend. The ex-dividend date of this dividend was Monday, February 24th.

Hedge Funds Weigh In On Invesco Equal Weight 0-30 Year Treasury ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Whalen Wealth Management Inc. bought a new position in shares of Invesco Equal Weight 0-30 Year Treasury ETF in the 4th quarter worth about $46,000. Concord Wealth Partners boosted its position in Invesco Equal Weight 0-30 Year Treasury ETF by 7.1% in the fourth quarter. Concord Wealth Partners now owns 6,944 shares of the company’s stock worth $188,000 after purchasing an additional 459 shares during the last quarter. Alteri Wealth LLC bought a new position in Invesco Equal Weight 0-30 Year Treasury ETF in the fourth quarter worth approximately $206,000. Raymond James Financial Inc. bought a new position in Invesco Equal Weight 0-30 Year Treasury ETF in the 4th quarter worth $216,000. Finally, Private Trust Co. NA grew its holdings in Invesco Equal Weight 0-30 Year Treasury ETF by 7.1% during the fourth quarter. Private Trust Co. NA now owns 9,057 shares of the company’s stock valued at $245,000 after purchasing an additional 603 shares during the period.

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.