Invesco Equal Weight 0-30 Year Treasury ETF (NYSEARCA:GOVI) Sees Strong Trading Volume – Should You Buy?

Invesco Equal Weight 0-30 Year Treasury ETF (NYSEARCA:GOVI) saw unusually-strong trading volume on Tuesday . Approximately 1,326,409 shares traded hands during mid-day trading, an increase of 107% from the previous session’s volume of 640,139 shares.The stock last traded at $28.0140 and had previously closed at $28.00.

Invesco Equal Weight 0-30 Year Treasury ETF Trading Up 0.1%

The stock has a fifty day simple moving average of $27.66 and a 200-day simple moving average of $27.74.

Invesco Equal Weight 0-30 Year Treasury ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 23rd will be paid a dividend of $0.0831 per share. The ex-dividend date is Monday, February 23rd. This represents a c) annualized dividend and a yield of 3.6%.

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

Several hedge funds have recently added to or reduced their stakes in GOVI. Operose Advisors LLC acquired a new position in shares of Invesco Equal Weight 0-30 Year Treasury ETF in the 4th quarter valued at $38,000. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco Equal Weight 0-30 Year Treasury ETF by 97.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,757 shares of the company’s stock valued at $76,000 after acquiring an additional 1,364 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of Invesco Equal Weight 0-30 Year Treasury ETF by 19.7% during the third quarter. CoreCap Advisors LLC now owns 4,876 shares of the company’s stock worth $135,000 after purchasing an additional 802 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Invesco Equal Weight 0-30 Year Treasury ETF during the second quarter worth about $234,000. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Invesco Equal Weight 0-30 Year Treasury ETF by 26.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 9,826 shares of the company’s stock valued at $271,000 after purchasing an additional 2,044 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.