Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Large Volume Increase

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) saw unusually-strong trading volume on Friday . Approximately 180,083 shares traded hands during trading, an increase of 32% from the previous session’s volume of 136,318 shares.The stock last traded at $24.61 and had previously closed at $24.59.

Invesco California AMT-Free Municipal Bond ETF Stock Up 0.2 %

The company’s 50 day moving average price is $24.88 and its 200-day moving average price is $24.44.

Hedge Funds Weigh In On Invesco California AMT-Free Municipal Bond ETF

Several hedge funds have recently modified their holdings of PWZ. Tidemark LLC purchased a new stake in shares of Invesco California AMT-Free Municipal Bond ETF during the fourth quarter valued at approximately $29,000. JPMorgan Chase & Co. purchased a new stake in shares of Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter valued at $65,000. Money Concepts Capital Corp raised its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 51.4% during the 4th quarter. Money Concepts Capital Corp now owns 2,877 shares of the company’s stock worth $69,000 after purchasing an additional 977 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Invesco California AMT-Free Municipal Bond ETF in the 4th quarter worth about $99,000. Finally, Dagco Inc. bought a new position in Invesco California AMT-Free Municipal Bond ETF during the fourth quarter valued at about $117,000.

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.