Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Strong Trading Volume – Here’s Why

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) saw strong trading volume on Monday . 73,817 shares changed hands during mid-day trading, an increase of 50% from the previous session’s volume of 49,316 shares.The stock last traded at $24.68 and had previously closed at $24.64.

Invesco California AMT-Free Municipal Bond ETF Price Performance

The stock’s fifty day moving average price is $24.85 and its two-hundred day moving average price is $24.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PWZ. GAMMA Investing LLC lifted its stake in Invesco California AMT-Free Municipal Bond ETF by 153.9% during the fourth quarter. GAMMA Investing LLC now owns 27,193 shares of the company’s stock worth $672,000 after purchasing an additional 16,484 shares during the last quarter. Destination Wealth Management boosted its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 2.0% in the 3rd quarter. Destination Wealth Management now owns 26,118 shares of the company’s stock valued at $655,000 after buying an additional 500 shares in the last quarter. EP Wealth Advisors LLC grew its position in shares of Invesco California AMT-Free Municipal Bond ETF by 1.7% in the 3rd quarter. EP Wealth Advisors LLC now owns 773,395 shares of the company’s stock valued at $19,397,000 after buying an additional 12,990 shares during the last quarter. HighTower Advisors LLC raised its stake in Invesco California AMT-Free Municipal Bond ETF by 1.3% during the 3rd quarter. HighTower Advisors LLC now owns 38,129 shares of the company’s stock worth $959,000 after acquiring an additional 475 shares in the last quarter. Finally, Townsquare Capital LLC acquired a new position in Invesco California AMT-Free Municipal Bond ETF in the third quarter valued at $475,000.

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.