Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Reaches New 1-Year Low – Should You Sell?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZGet Free Report)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $22.90 and last traded at $22.98, with a volume of 1004975 shares trading hands. The stock had previously closed at $22.95.

Invesco California AMT-Free Municipal Bond ETF Price Performance

The stock has a fifty day moving average price of $23.81 and a two-hundred day moving average price of $24.08.

Hedge Funds Weigh In On Invesco California AMT-Free Municipal Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Citadel Advisors LLC acquired a new stake in Invesco California AMT-Free Municipal Bond ETF during the second quarter worth approximately $1,423,000. Corient Private Wealth LP acquired a new position in Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter valued at $409,000. Readystate Asset Management LP purchased a new position in shares of Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth $288,000. Syon Capital LLC lifted its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 2.2% during the 2nd quarter. Syon Capital LLC now owns 1,231,692 shares of the company’s stock worth $30,189,000 after purchasing an additional 26,637 shares during the period. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of Invesco California AMT-Free Municipal Bond ETF during the second quarter worth $71,000.

Invesco California AMT-Free Municipal Bond ETF Company Profile

(Get Free Report)

The Invesco California AMT-Free Municipal Bond ETF (PWZ) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of insured investment-grade, tax-exempt debt issued by California or any US territory with at least 15 years remaining to maturity. PWZ was launched on Oct 11, 2007 and is managed by Invesco.

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