Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Large Volume Increase – Time to Buy?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) saw unusually-strong trading volume on Wednesday . Approximately 729,148 shares were traded during mid-day trading, an increase of 468% from the previous session’s volume of 128,460 shares.The stock last traded at $24.35 and had previously closed at $24.42.

Invesco California AMT-Free Municipal Bond ETF Stock Up 0.5 %

The stock’s fifty day simple moving average is $24.53 and its 200 day simple moving average is $24.80.

Institutional Trading of Invesco California AMT-Free Municipal Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC lifted its stake in Invesco California AMT-Free Municipal Bond ETF by 1.3% during the 3rd quarter. HighTower Advisors LLC now owns 38,129 shares of the company’s stock valued at $959,000 after acquiring an additional 475 shares during the period. Destination Wealth Management grew its holdings in Invesco California AMT-Free Municipal Bond ETF by 2.0% in the third quarter. Destination Wealth Management now owns 26,118 shares of the company’s stock valued at $655,000 after purchasing an additional 500 shares during the period. Stifel Financial Corp increased its holdings in Invesco California AMT-Free Municipal Bond ETF by 3.5% in the 4th quarter. Stifel Financial Corp now owns 18,003 shares of the company’s stock worth $445,000 after acquiring an additional 615 shares in the last quarter. Larson Financial Group LLC lifted its stake in Invesco California AMT-Free Municipal Bond ETF by 60.6% in the 3rd quarter. Larson Financial Group LLC now owns 2,650 shares of the company’s stock valued at $66,000 after buying an additional 1,000 shares in the last quarter. Finally, Bristlecone Advisors LLC lifted its holdings in Invesco California AMT-Free Municipal Bond ETF by 32.3% in the 4th quarter. Bristlecone Advisors LLC now owns 4,100 shares of the company’s stock valued at $101,000 after purchasing an additional 1,000 shares in the last quarter.

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.