Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Reaches New 1-Year Low – What’s Next?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ)’s stock price reached a new 52-week low on Monday . The stock traded as low as $24.05 and last traded at $24.06, with a volume of 9399 shares changing hands. The stock had previously closed at $24.13.

Invesco California AMT-Free Municipal Bond ETF Trading Down 0.2 %

The stock’s fifty day moving average is $24.48 and its two-hundred day moving average is $24.75.

Invesco California AMT-Free Municipal Bond ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.0687 per share. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from Invesco California AMT-Free Municipal Bond ETF’s previous dividend of $0.07.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of PWZ. Mercer Global Advisors Inc. ADV bought a new position in Invesco California AMT-Free Municipal Bond ETF during the fourth quarter worth $30,864,000. Syon Capital LLC bought a new stake in shares of Invesco California AMT-Free Municipal Bond ETF during the 4th quarter worth about $26,941,000. Atlas Legacy Advisors LLC acquired a new position in Invesco California AMT-Free Municipal Bond ETF in the 4th quarter valued at about $11,097,000. Bank of America Corp DE raised its holdings in Invesco California AMT-Free Municipal Bond ETF by 44.6% in the 4th quarter. Bank of America Corp DE now owns 1,379,449 shares of the company’s stock valued at $34,072,000 after acquiring an additional 425,319 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Invesco California AMT-Free Municipal Bond ETF by 18.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,243,755 shares of the company’s stock valued at $30,721,000 after acquiring an additional 195,412 shares during the period.

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.