Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Hits New 1-Year Low – Time to Sell?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $22.07 and last traded at $22.1490, with a volume of 44933 shares changing hands. The stock had previously closed at $22.31.

Invesco California AMT-Free Municipal Bond ETF Price Performance

The stock has a fifty day moving average price of $23.40 and a 200-day moving average price of $23.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Gerber Kawasaki Wealth & Investment Management boosted its stake in Invesco California AMT-Free Municipal Bond ETF by 1.0% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,749,867 shares of the company’s stock valued at $42,277,000 after acquiring an additional 17,061 shares in the last quarter. Syon Capital LLC increased its position in shares of Invesco California AMT-Free Municipal Bond ETF by 2.2% during the second 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 in the last quarter. Bank of America Corp DE lifted its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 10.1% during the 1st quarter. Bank of America Corp DE now owns 1,053,233 shares of the company’s stock valued at $25,141,000 after purchasing an additional 96,820 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco California AMT-Free Municipal Bond ETF by 2.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 296,330 shares of the company’s stock worth $3,713,000 after purchasing an additional 6,330 shares in the last quarter. Finally, Pure Financial Advisors LLC grew its stake in Invesco California AMT-Free Municipal Bond ETF by 0.6% during the 4th quarter. Pure Financial Advisors LLC now owns 292,533 shares of the company’s stock worth $7,068,000 after buying an additional 1,744 shares during the last quarter.

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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