Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sets New 12-Month Low – Here’s Why

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ)’s share price reached a new 52-week low during trading on Wednesday. The company traded as low as $22.07 and last traded at $22.1490, with a volume of 44933 shares. The stock had previously closed at $22.31.

Invesco California AMT-Free Municipal Bond ETF Stock Performance

The firm has a fifty day moving average price of $23.33 and a 200 day moving average price of $23.90.

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

Hedge funds have recently added to or reduced their stakes in the stock. United Community Bank acquired a new position in shares of Invesco California AMT-Free Municipal Bond ETF during the second quarter worth approximately $31,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Invesco California AMT-Free Municipal Bond ETF in the second quarter valued at approximately $71,000. Nwam LLC bought a new position in Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter worth approximately $100,000. Greenspring Advisors LLC bought a new position in Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter worth approximately $104,000. Finally, Rothschild Capital Partners LLC bought a new position in Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter valued at $128,000.

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.