Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Strong Trading Volume – Still a Buy?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZGet Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 333,401 shares changed hands during mid-day trading, an increase of 14% from the previous session’s volume of 291,560 shares.The stock last traded at $22.9850 and had previously closed at $22.93.

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

The stock has a fifty day simple moving average of $23.90 and a 200-day simple moving average of $24.11.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 10.1% during the first quarter. Bank of America Corp DE now owns 1,053,233 shares of the company’s stock worth $25,141,000 after purchasing an additional 96,820 shares during the last quarter. Chatterton & Associates Inc. grew its stake in Invesco California AMT-Free Municipal Bond ETF by 43.3% during the 1st quarter. Chatterton & Associates Inc. now owns 132,412 shares of the company’s stock worth $3,208,000 after buying an additional 40,031 shares during the last quarter. Syon Capital LLC increased its position in Invesco California AMT-Free Municipal Bond ETF by 2.2% during the second 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 period. Citadel Advisors LLC acquired a new position in Invesco California AMT-Free Municipal Bond ETF during the second quarter worth approximately $1,423,000. Finally, Readystate Asset Management LP purchased a new stake in Invesco California AMT-Free Municipal Bond ETF in the second quarter valued at approximately $288,000.

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.

See Also

Receive News & Ratings for Invesco California AMT-Free Municipal Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco California AMT-Free Municipal Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.