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

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ – Get Free Report) saw unusually-strong trading volume on Wednesday. Approximately 412,212 shares were traded during mid-day trading, an increase of 34% from the previous session’s volume of 307,560 shares. The stock last traded at $22.8150 and had previously closed at $22.90.

Invesco California AMT-Free Municipal Bond ETF Stock Down 0.7%

The business’s fifty day moving average is $23.68 and its two-hundred day moving average is $24.03.

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

Several institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its holdings in Invesco California AMT-Free Municipal Bond ETF by 31.2% in the second quarter. Envestnet Asset Management Inc. now owns 46,329 shares of the company’s stock valued at $1,136,000 after purchasing an additional 11,016 shares during the period. Citadel Advisors LLC purchased a new stake in Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth about $1,423,000. Corient Private Wealth LP purchased a new stake in Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth about $409,000. Readystate Asset Management LP purchased a new stake in Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth about $288,000. Finally, Syon Capital LLC raised its position in Invesco California AMT-Free Municipal Bond ETF by 2.2% in the 2nd quarter. Syon Capital LLC now owns 1,231,692 shares of the company’s stock valued at $30,189,000 after purchasing an additional 26,637 shares in 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.

Further Reading

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