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

Shares of Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZGet Free Report) saw unusually-strong trading volume on Monday . Approximately 281,200 shares changed hands during mid-day trading, an increase of 18% from the previous session’s volume of 238,976 shares.The stock last traded at $23.83 and had previously closed at $23.92.

Invesco California AMT-Free Municipal Bond ETF Stock Performance

The business has a 50 day simple moving average of $24.23 and a 200-day simple moving average of $24.22.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PWZ. Jane Street Group LLC raised its position in Invesco California AMT-Free Municipal Bond ETF by 41.3% in the 1st quarter. Jane Street Group LLC now owns 268,578 shares of the company’s stock valued at $6,406,000 after buying an additional 78,542 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Invesco California AMT-Free Municipal Bond ETF by 5.3% during the 2nd quarter. Cetera Investment Advisers now owns 20,568 shares of the company’s stock worth $480,000 after acquiring an additional 1,035 shares during the last quarter. Quantinno Capital Management LP purchased a new position in Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth $657,000. Corient Private Wealth LLC purchased a new position in Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth $227,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Invesco California AMT-Free Municipal Bond ETF by 40.2% during the third quarter. JPMorgan Chase & Co. now owns 232,168 shares of the company’s stock valued at $5,553,000 after purchasing an additional 66,597 shares in the last quarter.

About Invesco California AMT-Free Municipal Bond ETF

(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.

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