Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Unusually-High Trading Volume – Still a Buy?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) shares saw unusually-high trading volume on Monday . Approximately 73,817 shares were traded during trading, an increase of 50% from the previous session’s volume of 49,316 shares.The stock last traded at $24.68 and had previously closed at $24.64.

Invesco California AMT-Free Municipal Bond ETF Trading Up 0.3 %

The stock has a fifty day moving average of $24.85 and a 200-day moving average of $24.91.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Miracle Mile Advisors LLC raised its holdings in Invesco California AMT-Free Municipal Bond ETF by 7.4% during the third quarter. Miracle Mile Advisors LLC now owns 2,270,757 shares of the company’s stock worth $56,951,000 after purchasing an additional 156,516 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 2.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 1,411,558 shares of the company’s stock worth $35,402,000 after buying an additional 28,143 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 30.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 834,585 shares of the company’s stock valued at $20,589,000 after buying an additional 194,154 shares during the period. EP Wealth Advisors LLC boosted its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 1.7% in the third quarter. EP Wealth Advisors LLC now owns 773,395 shares of the company’s stock valued at $19,397,000 after buying an additional 12,990 shares in the last quarter. Finally, Affinity Capital Advisors LLC acquired a new position in Invesco California AMT-Free Municipal Bond ETF during the third quarter worth $5,614,000.

Invesco California AMT-Free Municipal Bond ETF Company Profile

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.