Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Reaches New 1-Year Low – Should You Sell?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $23.34 and last traded at $23.3570, with a volume of 348909 shares trading hands. The stock had previously closed at $23.47.

Invesco California AMT-Free Municipal Bond ETF Stock Performance

The firm’s 50-day moving average price is $24.04 and its 200 day moving average price is $24.16.

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

Institutional investors have recently made changes to their positions in the stock. Navalign LLC acquired a new position in Invesco California AMT-Free Municipal Bond ETF in the fourth quarter valued at about $27,000. United Community Bank acquired a new position in shares of Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth about $31,000. TD Waterhouse Canada Inc. bought a new stake in shares of Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter valued at about $71,000. Nwam LLC acquired a new stake in shares of Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter valued at approximately $100,000. Finally, Greenspring Advisors LLC acquired a new stake in shares of Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter valued at approximately $104,000.

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.