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) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $22.99 and last traded at $22.9960, with a volume of 193337 shares trading hands. The stock had previously closed at $23.03.

Invesco California AMT-Free Municipal Bond ETF Trading Down 0.2%

The business has a fifty day simple moving average of $23.93 and a two-hundred day simple moving average of $24.12.

Institutional Trading of Invesco California AMT-Free Municipal Bond ETF

Hedge funds have recently modified their holdings of the company. Gerber Kawasaki Wealth & Investment Management grew its position in shares of Invesco California AMT-Free Municipal Bond ETF by 1.0% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,749,867 shares of the company’s stock worth $42,277,000 after buying an additional 17,061 shares during the last quarter. Syon Capital LLC grew its stake in Invesco California AMT-Free Municipal Bond ETF by 2.2% during the 2nd quarter. Syon Capital LLC now owns 1,231,692 shares of the company’s stock worth $30,189,000 after buying an additional 26,637 shares during the last quarter. Bank of America Corp DE increased its position 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 buying an additional 96,820 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Invesco California AMT-Free Municipal Bond ETF by 2.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 296,330 shares of the company’s stock valued at $3,713,000 after buying an additional 6,330 shares during the last quarter. Finally, Pure Financial Advisors LLC grew its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 0.6% during the fourth quarter. Pure Financial Advisors LLC now owns 292,533 shares of the company’s stock worth $7,068,000 after acquiring an additional 1,744 shares during the last quarter.

About Invesco California AMT-Free Municipal Bond ETF

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.