Destination Wealth Management Decreases Stock Holdings in Invesco California AMT-Free Municipal Bond ETF $PWZ

Destination Wealth Management lowered its stake in shares of Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) by 48.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 30,116 shares of the company’s stock after selling 28,752 shares during the period. Destination Wealth Management’s holdings in Invesco California AMT-Free Municipal Bond ETF were worth $728,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV boosted its holdings in Invesco California AMT-Free Municipal Bond ETF by 34.3% during the third quarter. Mercer Global Advisors Inc. ADV now owns 2,238,739 shares of the company’s stock worth $53,551,000 after buying an additional 571,684 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its holdings in Invesco California AMT-Free Municipal Bond ETF by 1.0% during the fourth 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 in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Invesco California AMT-Free Municipal Bond ETF by 1.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 1,317,528 shares of the company’s stock worth $31,831,000 after buying an additional 14,616 shares in the last quarter. Bank of America Corp DE boosted its holdings in Invesco California AMT-Free Municipal Bond ETF by 41.0% during the third quarter. Bank of America Corp DE now owns 985,000 shares of the company’s stock worth $23,561,000 after buying an additional 286,187 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in Invesco California AMT-Free Municipal Bond ETF by 1.1% during the fourth quarter. LPL Financial LLC now owns 597,009 shares of the company’s stock worth $14,424,000 after buying an additional 6,477 shares in the last quarter.

Invesco California AMT-Free Municipal Bond ETF Stock Down 0.0%

Shares of NYSEARCA PWZ opened at $24.34 on Monday. Invesco California AMT-Free Municipal Bond ETF has a 12-month low of $22.75 and a 12-month high of $24.59. The firm’s 50-day moving average is $24.21 and its two-hundred day moving average is $24.21.

Invesco California AMT-Free Municipal Bond ETF 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.