Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Trading Down 0% – What’s Next?

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) traded down 0% during mid-day trading on Monday . The stock traded as low as $24.80 and last traded at $24.88. 5,542 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 7,260 shares. The stock had previously closed at $24.89.

Invesco Floating Rate Municipal Income ETF Stock Down 0.0%

The company’s fifty day moving average is $24.84 and its two-hundred day moving average is $24.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC bought a new stake in shares of Invesco Floating Rate Municipal Income ETF during the first quarter worth $991,000. Arkadios Wealth Advisors acquired a new stake in shares of Invesco Floating Rate Municipal Income ETF during the first quarter worth $426,000. Foundations Investment Advisors LLC lifted its position in Invesco Floating Rate Municipal Income ETF by 77.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 37,710 shares of the company’s stock valued at $940,000 after acquiring an additional 16,492 shares in the last quarter. Avior Wealth Management LLC lifted its position in Invesco Floating Rate Municipal Income ETF by 15.7% in the 2nd quarter. Avior Wealth Management LLC now owns 19,679 shares of the company’s stock valued at $490,000 after acquiring an additional 2,675 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in Invesco Floating Rate Municipal Income ETF in the 2nd quarter worth $29,000.

Invesco Floating Rate Municipal Income ETF Company Profile

The Invesco VRDO Tax-Free ETF (PVI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of VRDOs issued by US municipalities. PVI was launched on Nov 15, 2007 and is managed by Invesco.