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

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) fell 0.1% on Monday . The company traded as low as $24.78 and last traded at $24.81. Approximately 3,357 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 7,502 shares. The stock had previously closed at $24.83.

Invesco Floating Rate Municipal Income ETF Stock Performance

The stock has a fifty day simple moving average of $24.84 and a 200-day simple moving average of $24.81.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC acquired a new stake in Invesco Floating Rate Municipal Income ETF in the 1st quarter valued at approximately $991,000. Susquehanna International Group LLP acquired a new position in Invesco Floating Rate Municipal Income ETF during the 3rd quarter worth approximately $474,000. Arkadios Wealth Advisors acquired a new position in Invesco Floating Rate Municipal Income ETF during the 1st quarter worth approximately $426,000. Foundations Investment Advisors LLC grew its stake in shares of Invesco Floating Rate Municipal Income ETF by 77.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 37,710 shares of the company’s stock worth $940,000 after acquiring an additional 16,492 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Invesco Floating Rate Municipal Income ETF by 200.4% during the 4th quarter. Osaic Holdings Inc. now owns 22,482 shares of the company’s stock worth $560,000 after acquiring an additional 14,998 shares in the last quarter.

About Invesco Floating Rate Municipal Income ETF

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.