Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) saw an uptick in trading volume on Monday. 513,359 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 442,035 shares. The stock last traded at $22.6780 and had previously closed at $22.73.

Invesco California AMT-Free Municipal Bond ETF Trading Up 0.0%

The company has a fifty day moving average of $23.09 and a two-hundred day moving average of $23.83.

Institutional Trading of Invesco California AMT-Free Municipal Bond ETF

Hedge funds have recently made changes to their positions in the company. Syon Capital LLC lifted its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 2.2% during the second quarter. Syon Capital LLC now owns 1,231,692 shares of the company’s stock worth $30,189,000 after purchasing an additional 26,637 shares during the period. Bank of America Corp DE grew its stake in shares of 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. Farther Finance Advisors LLC grew its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 181.9% in the third quarter. Farther Finance Advisors LLC now owns 306,376 shares of the company’s stock worth $6,835,000 after purchasing an additional 197,688 shares during the last quarter. Affinity Capital Advisors LLC increased its holdings in Invesco California AMT-Free Municipal Bond ETF by 46.4% in the third quarter. Affinity Capital Advisors LLC now owns 180,526 shares of the company’s stock valued at $4,019,000 after purchasing an additional 57,245 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Invesco California AMT-Free Municipal Bond ETF by 2.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 296,330 shares of the company’s stock valued at $3,713,000 after purchasing an additional 6,330 shares during the period.

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.