Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Unusually-High Trading Volume – Should You Buy?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) saw an uptick in trading volume on Monday . 249,617 shares changed hands during mid-day trading, an increase of 19% from the previous session’s volume of 209,862 shares.The stock last traded at $23.34 and had previously closed at $23.47.

Invesco California AMT-Free Municipal Bond ETF Price Performance

The company’s 50-day moving average price is $23.57 and its 200 day moving average price is $24.30.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PWZ. Ameriflex Group Inc. purchased a new position in Invesco California AMT-Free Municipal Bond ETF during the 4th quarter valued at about $37,000. Golden State Wealth Management LLC purchased a new position in Invesco California AMT-Free Municipal Bond ETF in the fourth quarter worth about $47,000. Creative Financial Designs Inc. ADV purchased a new position in Invesco California AMT-Free Municipal Bond ETF in the fourth quarter worth about $74,000. Bristlecone Advisors LLC raised its holdings in Invesco California AMT-Free Municipal Bond ETF by 32.3% in the fourth quarter. Bristlecone Advisors LLC now owns 4,100 shares of the company’s stock worth $101,000 after buying an additional 1,000 shares during the last quarter. Finally, Spinnaker Investment Group LLC purchased a new position in Invesco California AMT-Free Municipal Bond ETF in the fourth quarter worth about $201,000.

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.