Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Trading Down 0.1% – Should You Sell?

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI)’s stock price was down 0.1% during trading on Monday . The company traded as low as $24.78 and last traded at $24.81. Approximately 3,357 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 7,502 shares. The stock had previously closed at $24.83.

Invesco Floating Rate Municipal Income ETF Stock Up 0.1%

The company has a fifty day moving average of $24.84 and a two-hundred day moving average of $24.81.

Institutional Investors Weigh In On Invesco Floating Rate Municipal Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC boosted its holdings in Invesco Floating Rate Municipal Income ETF by 6.1% in the first quarter. Jane Street Group LLC now owns 45,524 shares of the company’s stock worth $1,130,000 after purchasing an additional 2,628 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Invesco Floating Rate Municipal Income ETF during the second quarter worth $34,000. Susquehanna International Group LLP acquired a new stake in shares of Invesco Floating Rate Municipal Income ETF during the third quarter worth $474,000. Foundations Investment Advisors LLC lifted its position in shares of Invesco Floating Rate Municipal Income ETF by 77.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 37,710 shares of the company’s stock worth $940,000 after buying an additional 16,492 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Invesco Floating Rate Municipal Income ETF by 200.4% in the 4th quarter. Osaic Holdings Inc. now owns 22,482 shares of the company’s stock worth $560,000 after buying an additional 14,998 shares during the last quarter.

About Invesco Floating Rate Municipal Income ETF

The Invesco VRDO Tax-Free ETF (PVI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of VRDOs issued by US municipalities. PVI was launched on Nov 15, 2007 and is managed by Invesco.