Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Trading Down 0.1% – Time to Sell?

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) shares dropped 0.1% during trading on Wednesday . The company traded as low as $24.85 and last traded at $24.84. Approximately 1,357 shares were traded during trading, a decline of 79% from the average daily volume of 6,384 shares. The stock had previously closed at $24.86.

Invesco Floating Rate Municipal Income ETF Price Performance

The stock’s fifty day moving average is $24.81 and its two-hundred day moving average is $24.81.

Institutional Investors Weigh In On Invesco Floating Rate Municipal Income ETF

Several large investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Invesco Floating Rate Municipal Income ETF in the 2nd quarter worth approximately $34,000. Wealthcare Capital Management LLC bought a new stake in Invesco Floating Rate Municipal Income ETF during the 4th quarter valued at $283,000. Avior Wealth Management LLC boosted its position in Invesco Floating Rate Municipal Income ETF by 4.6% during the 4th quarter. Avior Wealth Management LLC now owns 18,329 shares of the company’s stock worth $457,000 after acquiring an additional 798 shares during the period. Susquehanna International Group LLP bought a new position in shares of Invesco Floating Rate Municipal Income ETF in the third quarter worth $474,000. Finally, Foundations Investment Advisors LLC grew its stake in shares of Invesco Floating Rate Municipal Income ETF by 17.0% in the third quarter. Foundations Investment Advisors LLC now owns 21,218 shares of the company’s stock worth $527,000 after purchasing an additional 3,087 shares in the last quarter.

Invesco Floating Rate Municipal Income ETF Company Profile

The Invesco VRDO Tax-Free ETF (PVI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of VRDOs issued by US municipalities. PVI was launched on Nov 15, 2007 and is managed by Invesco.