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

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZGet Free Report) saw unusually-high trading volume on Monday . Approximately 281,200 shares traded hands during mid-day trading, an increase of 18% from the previous session’s volume of 238,976 shares.The stock last traded at $23.83 and had previously closed at $23.92.

Invesco California AMT-Free Municipal Bond ETF Stock Performance

The company’s 50-day simple moving average is $24.23 and its 200 day simple moving average is $24.22.

Institutional Trading of Invesco California AMT-Free Municipal Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Navalign LLC purchased a new position in Invesco California AMT-Free Municipal Bond ETF in the fourth quarter worth $27,000. United Community Bank bought a new stake in shares of Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth $31,000. TD Waterhouse Canada Inc. bought a new stake in shares of Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth $71,000. Nwam LLC bought a new stake in shares of Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth $100,000. Finally, Greenspring Advisors LLC purchased a new position in shares of Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter worth about $104,000.

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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