Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Unusually-High Trading Volume – Should You Buy?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) saw unusually-high trading volume on Monday . Approximately 249,617 shares changed hands during trading, an increase of 19% from the previous session’s volume of 209,862 shares.The stock last traded at $23.34 and had previously closed at $23.47.

Invesco California AMT-Free Municipal Bond ETF Trading Down 0.4%

The firm’s fifty day simple moving average is $23.57 and its two-hundred day simple moving average is $24.30.

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

Large investors have recently added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new position in shares of Invesco California AMT-Free Municipal Bond ETF in the fourth quarter worth $37,000. Golden State Wealth Management LLC purchased a new position in shares of Invesco California AMT-Free Municipal Bond ETF in the fourth quarter worth $47,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Invesco California AMT-Free Municipal Bond ETF in the fourth quarter worth $74,000. Bristlecone Advisors LLC lifted its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 32.3% in the fourth quarter. Bristlecone Advisors LLC now owns 4,100 shares of the company’s stock worth $101,000 after buying an additional 1,000 shares in the last quarter. Finally, Spinnaker Investment Group LLC purchased a new position in shares of Invesco California AMT-Free Municipal Bond ETF in the fourth quarter worth $201,000.

About Invesco California AMT-Free Municipal Bond ETF

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.