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

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) shares saw unusually-strong trading volume on Monday. 513,359 shares traded hands during trading, an increase of 16% from the previous session’s volume of 442,035 shares. The stock last traded at $22.6780 and had previously closed at $22.73.

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

The firm has a 50 day moving average price of $23.15 and a two-hundred day moving average price of $23.85.

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

A number of large investors have recently added to or reduced their stakes in PWZ. Syon Capital LLC lifted its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 2.2% in the second quarter. Syon Capital LLC now owns 1,231,692 shares of the company’s stock worth $30,189,000 after acquiring an additional 26,637 shares in the last quarter. Bank of America Corp DE grew its stake in Invesco California AMT-Free Municipal Bond ETF by 10.1% during the 1st quarter. Bank of America Corp DE now owns 1,053,233 shares of the company’s stock valued at $25,141,000 after purchasing an additional 96,820 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Invesco California AMT-Free Municipal Bond ETF by 181.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 306,376 shares of the company’s stock valued at $6,835,000 after purchasing an additional 197,688 shares in the last quarter. Affinity Capital Advisors LLC increased its holdings in Invesco California AMT-Free Municipal Bond ETF by 46.4% during the 3rd quarter. Affinity Capital Advisors LLC now owns 180,526 shares of the company’s stock worth $4,019,000 after purchasing an additional 57,245 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Invesco California AMT-Free Municipal Bond ETF by 2.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 296,330 shares of the company’s stock worth $3,713,000 after purchasing an additional 6,330 shares during the last quarter.

Invesco California AMT-Free Municipal Bond ETF Company Profile

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.