Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sets New 12-Month Low – Time to Sell?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ)’s stock price reached a new 52-week low on Monday. The company traded as low as $22.23 and last traded at $22.1950, with a volume of 29315 shares. The stock had previously closed at $22.44.

Invesco California AMT-Free Municipal Bond ETF Stock Down 1.1%

The stock’s fifty day simple moving average is $23.64 and its 200 day simple moving average is $24.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Gerber Kawasaki Wealth & Investment Management raised 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 worth $42,277,000 after acquiring an additional 17,061 shares in the last quarter. Syon Capital LLC boosted its stake in Invesco California AMT-Free Municipal Bond ETF by 2.2% in the second quarter. Syon Capital LLC now owns 1,231,692 shares of the company’s stock valued at $30,189,000 after acquiring an additional 26,637 shares in the last quarter. Bank of America Corp DE grew its holdings in Invesco California AMT-Free Municipal Bond ETF by 10.1% in the first quarter. Bank of America Corp DE now owns 1,053,233 shares of the company’s stock worth $25,141,000 after purchasing an additional 96,820 shares during the last quarter. Pure Financial Advisors LLC grew its holdings in Invesco California AMT-Free Municipal Bond ETF by 0.6% in the fourth quarter. Pure Financial Advisors LLC now owns 292,533 shares of the company’s stock worth $7,068,000 after purchasing an additional 1,744 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco California AMT-Free Municipal Bond ETF by 2.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 296,330 shares of the company’s stock worth $3,713,000 after purchasing an additional 6,330 shares in the last quarter.

About Invesco California AMT-Free Municipal Bond ETF

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.