Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Hits New 52-Week Low – Time to Sell?

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 trading hands. The stock had previously closed at $24.13.

Invesco California AMT-Free Municipal Bond ETF Price Performance

The company has a 50-day moving average of $24.48 and a 200-day moving average of $24.75.

Invesco California AMT-Free Municipal Bond ETF Increases Dividend

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

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. acquired a new stake in shares of Invesco California AMT-Free Municipal Bond ETF in the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC acquired a new stake in Invesco California AMT-Free Municipal Bond ETF in the 4th quarter valued at $47,000. Larson Financial Group LLC lifted its position in Invesco California AMT-Free Municipal Bond ETF by 60.6% during the 3rd quarter. Larson Financial Group LLC now owns 2,650 shares of the company’s stock worth $66,000 after buying an additional 1,000 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new position in shares of Invesco California AMT-Free Municipal Bond ETF during the 4th quarter worth about $74,000. Finally, Bristlecone Advisors LLC grew its holdings in shares of 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 acquiring an additional 1,000 shares in the last quarter.

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.