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

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZGet Free Report) shares saw strong trading volume on Monday . 190,447 shares were traded during mid-day trading, a decline of 23% from the previous session’s volume of 246,936 shares.The stock last traded at $23.67 and had previously closed at $23.73.

Invesco California AMT-Free Municipal Bond ETF Price Performance

The business has a 50-day moving average of $24.14 and a 200 day moving average of $24.20.

Institutional Investors Weigh In On Invesco California AMT-Free Municipal Bond ETF

A number of hedge funds have recently added to or reduced their stakes in PWZ. Chatterton & Associates Inc. raised its position in shares of Invesco California AMT-Free Municipal Bond ETF by 43.3% during the first quarter. Chatterton & Associates Inc. now owns 132,412 shares of the company’s stock worth $3,208,000 after purchasing an additional 40,031 shares during the period. Bank of America Corp DE lifted its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 10.1% in the 1st quarter. Bank of America Corp DE now owns 1,053,233 shares of the company’s stock worth $25,141,000 after purchasing an additional 96,820 shares in the last quarter. FF Advisors LLC acquired a new stake in Invesco California AMT-Free Municipal Bond ETF in the 4th quarter valued at $628,000. Navigation Group LLC acquired a new stake in Invesco California AMT-Free Municipal Bond ETF in the 1st quarter valued at $1,839,000. Finally, Affinity Capital Advisors LLC grew its position in Invesco California AMT-Free Municipal Bond ETF by 195.9% in the 2nd quarter. Affinity Capital Advisors LLC now owns 123,281 shares of the company’s stock valued at $3,028,000 after purchasing an additional 81,613 shares during the period.

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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