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

Shares of Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) saw strong trading volume on Wednesday . 502,891 shares changed hands during trading, an increase of 174% from the previous session’s volume of 183,398 shares.The stock last traded at $22.31 and had previously closed at $22.71.

Invesco California AMT-Free Municipal Bond ETF Trading Down 0.4 %

The firm’s 50-day moving average price is $24.22 and its 200 day moving average price is $24.60.

Invesco California AMT-Free Municipal Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a $0.0687 dividend. The ex-dividend date was Monday, March 24th. This is a positive change from Invesco California AMT-Free Municipal Bond ETF’s previous dividend of $0.07.

Institutional Trading of Invesco California AMT-Free Municipal Bond ETF

Several hedge funds have recently added to or reduced their stakes in PWZ. Ameriflex Group Inc. bought a new stake in shares of Invesco California AMT-Free Municipal Bond ETF during the 4th quarter worth about $37,000. Golden State Wealth Management LLC bought a new stake in Invesco California AMT-Free Municipal Bond ETF during the fourth quarter worth approximately $47,000. Creative Financial Designs Inc. ADV acquired a new stake in Invesco California AMT-Free Municipal Bond ETF in the fourth quarter worth approximately $74,000. Bristlecone Advisors LLC lifted its position in Invesco California AMT-Free Municipal Bond ETF by 32.3% in the fourth quarter. Bristlecone Advisors LLC now owns 4,100 shares of the company’s stock worth $101,000 after purchasing an additional 1,000 shares during the period. Finally, Spinnaker Investment Group LLC bought a new position in Invesco California AMT-Free Municipal Bond ETF during the 4th quarter valued at $201,000.

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.