Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Unusually-High Trading Volume

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) shares saw strong trading volume on Monday . 283,667 shares changed hands during mid-day trading, an increase of 112% from the previous session’s volume of 133,964 shares.The stock last traded at $24.86 and had previously closed at $24.89.

Invesco California AMT-Free Municipal Bond ETF Price Performance

The stock has a fifty day moving average price of $24.73 and a two-hundred day moving average price of $24.81.

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

Several institutional investors have recently added to or reduced their stakes in the business. SimpliFi Inc. increased its stake in Invesco California AMT-Free Municipal Bond ETF by 2.1% in the second quarter. SimpliFi Inc. now owns 60,187 shares of the company’s stock valued at $1,485,000 after purchasing an additional 1,241 shares during the last quarter. Destination Wealth Management grew its position in Invesco California AMT-Free Municipal Bond ETF by 69.3% during the second quarter. Destination Wealth Management now owns 25,618 shares of the company’s stock valued at $632,000 after acquiring an additional 10,490 shares during the period. Boyd Wealth Management LLC purchased a new stake in Invesco California AMT-Free Municipal Bond ETF during the second quarter valued at about $4,868,000. Hennion & Walsh Asset Management Inc. grew its position in Invesco California AMT-Free Municipal Bond ETF by 57.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 18,072 shares of the company’s stock valued at $446,000 after acquiring an additional 6,606 shares during the period. Finally, Miracle Mile Advisors LLC grew its position in Invesco California AMT-Free Municipal Bond ETF by 32.6% during the second quarter. Miracle Mile Advisors LLC now owns 2,114,241 shares of the company’s stock valued at $52,158,000 after acquiring an additional 519,838 shares during the period.

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.