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

Invesco Equal Weight 0-30 Year Treasury ETF (NYSEARCA:GOVI) saw unusually-strong trading volume on Wednesday . Approximately 3,663,447 shares changed hands during mid-day trading, an increase of 620% from the previous session’s volume of 508,836 shares.The stock last traded at $27.44 and had previously closed at $27.30.

Invesco Equal Weight 0-30 Year Treasury ETF Stock Up 0.4%

The firm has a 50 day moving average price of $27.60 and a 200-day moving average price of $27.73.

Invesco Equal Weight 0-30 Year Treasury ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.0843 dividend. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco Equal Weight 0-30 Year Treasury ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a dividend yield of 3.7%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Operose Advisors LLC purchased a new position in shares of Invesco Equal Weight 0-30 Year Treasury ETF in the fourth quarter worth about $38,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 worth $76,000 after purchasing an additional 1,364 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of Invesco Equal Weight 0-30 Year Treasury ETF by 19.7% in 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. Sequoia Financial Advisors LLC raised its stake in shares of Invesco Equal Weight 0-30 Year Treasury ETF by 26.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 9,826 shares of the company’s stock worth $271,000 after purchasing an additional 2,044 shares during the last quarter. Finally, Community Bank & Trust Waco Texas purchased a new position in shares of Invesco Equal Weight 0-30 Year Treasury ETF in the fourth quarter worth about $273,000.

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.