Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Strong Trading Volume – What’s Next?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) saw strong trading volume on Thursday . 348,432 shares traded hands during mid-day trading, an increase of 60% from the previous session’s volume of 217,725 shares.The stock last traded at $23.85 and had previously closed at $24.07.

Invesco California AMT-Free Municipal Bond ETF Stock Down 0.8%

The company has a 50 day moving average of $24.31 and a 200 day moving average of $24.25.

Institutional Investors Weigh In On Invesco California AMT-Free Municipal Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC bought a new stake in Invesco California AMT-Free Municipal Bond ETF during the 4th quarter valued at approximately $17,820,000. Mercer Global Advisors Inc. ADV lifted its stake 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 purchasing an additional 571,684 shares during the period. Bank of America Corp DE grew its position in Invesco California AMT-Free Municipal Bond ETF by 41.0% in the third quarter. Bank of America Corp DE now owns 985,000 shares of the company’s stock valued at $23,561,000 after acquiring an additional 286,187 shares during the period. Jane Street Group LLC lifted its holdings in Invesco California AMT-Free Municipal Bond ETF by 82.3% during the 2nd quarter. Jane Street Group LLC now owns 489,526 shares of the company’s stock valued at $11,426,000 after purchasing an additional 220,948 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 46.5% in the 4th quarter. Guggenheim Capital LLC now owns 654,313 shares of the company’s stock worth $15,808,000 after acquiring an additional 207,769 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.