Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sets New 52-Week Low – What’s Next?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZGet Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $22.99 and last traded at $22.9960, with a volume of 193337 shares traded. The stock had previously closed at $23.03.

Invesco California AMT-Free Municipal Bond ETF Stock Performance

The company has a 50-day moving average of $23.87 and a 200 day moving average of $24.10.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in shares of Invesco California AMT-Free Municipal Bond ETF by 4.2% in the 1st quarter. Royal Bank of Canada now owns 15,645 shares of the company’s stock worth $373,000 after purchasing an additional 635 shares during the last quarter. United Community Bank bought a new stake in Invesco California AMT-Free Municipal Bond ETF in the second quarter valued at about $31,000. Pure Financial Advisors LLC lifted its stake 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 valued at $7,068,000 after buying an additional 1,744 shares during the period. TD Waterhouse Canada Inc. acquired a new position in Invesco California AMT-Free Municipal Bond ETF in the second quarter valued at about $71,000. Finally, Nwam LLC bought a new position in Invesco California AMT-Free Municipal Bond ETF during the second quarter worth about $100,000.

About Invesco California AMT-Free Municipal Bond ETF

(Get Free Report)

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.

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