Invesco Equal Weight 0-30 Year Treasury ETF (GOVI)
Invesco Equal Weight 0-30 Year Treasury ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $25.55, up 0.08% on the session, giving a market capitalisation of $798.5M. Its beta of 1.72 implies it has historically moved more than the broad market.
This Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) aims to replicate the investment results of the ICE 1-30 Year Laddered Maturity US Treasury Index. The fund typically allocates at least 80% of its total capital to the individual debt securities comprising this index. The benchmark itself is structured to track the performance of a portfolio containing as many as 30 U.S. Treasury notes and bonds. These securities are chosen to form an annual maturity ladder, specifically aligned to February, covering the full spectrum of government bond durations. Both GOVI and its underlying index are rebalanced every month.
Invesco Equal Weight 0-30 Year Treasury ETF is most often compared with the following Financial Services names: