Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Reaches New 52-Week Low – Here’s Why

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZGet Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $22.90 and last traded at $22.98, with a volume of 1004975 shares trading hands. The stock had previously closed at $22.95.

Invesco California AMT-Free Municipal Bond ETF Stock Down 0.1%

The company’s 50 day moving average is $23.81 and its 200 day moving average is $24.08.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its stake in Invesco California AMT-Free Municipal Bond ETF by 4.2% in the 1st quarter. Royal Bank of Canada now owns 15,645 shares of the company’s stock valued at $373,000 after acquiring an additional 635 shares during the last quarter. United Community Bank purchased a new stake in shares of Invesco California AMT-Free Municipal Bond ETF in the second quarter valued at about $31,000. Pure Financial Advisors LLC lifted its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 0.6% in the fourth quarter. Pure Financial Advisors LLC now owns 292,533 shares of the company’s stock valued at $7,068,000 after purchasing an additional 1,744 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of Invesco California AMT-Free Municipal Bond ETF in the second quarter valued at approximately $71,000. Finally, Nwam LLC purchased a new position in shares of Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth approximately $100,000.

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.

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