Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Hits New 12-Month High – Still a Buy?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) shares reached a new 52-week high on Monday . The stock traded as high as $24.59 and last traded at $24.59, with a volume of 8221 shares traded. The stock had previously closed at $24.57.

Invesco California AMT-Free Municipal Bond ETF Stock Performance

The company’s 50 day moving average price is $24.28 and its two-hundred day moving average price is $24.24.

Institutional Trading of Invesco California AMT-Free Municipal Bond ETF

Several hedge funds have recently bought and sold shares of PWZ. Mercer Global Advisors Inc. ADV raised its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 24.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,795,200 shares of the company’s stock worth $67,532,000 after buying an additional 556,461 shares during the period. Gerber Kawasaki Wealth & Investment Management grew its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 1.0% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,749,867 shares of the company’s stock valued at $42,277,000 after acquiring an additional 17,061 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 1.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 1,317,528 shares of the company’s stock valued at $31,831,000 after acquiring an additional 14,616 shares during the period. Bank of America Corp DE increased its holdings in Invesco California AMT-Free Municipal Bond ETF by 10.1% in the 1st quarter. Bank of America Corp DE now owns 1,053,233 shares of the company’s stock worth $25,141,000 after acquiring an additional 96,820 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in Invesco California AMT-Free Municipal Bond ETF during the 4th quarter worth approximately $17,820,000.

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.