Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Large Volume Increase – What’s Next?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) saw strong trading volume on Wednesday . 729,148 shares changed hands 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 Price Performance

The business has a 50 day simple moving average of $24.53 and a two-hundred day simple moving average of $24.80.

Institutional Investors Weigh In On Invesco California AMT-Free Municipal Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. purchased a new stake in shares of Invesco California AMT-Free Municipal Bond ETF in the 4th quarter worth $37,000. Golden State Wealth Management LLC purchased a new stake in Invesco California AMT-Free Municipal Bond ETF in the fourth quarter worth about $47,000. Larson Financial Group LLC grew its holdings 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 acquiring an additional 1,000 shares in the last quarter. Creative Financial Designs Inc. ADV purchased a new position in Invesco California AMT-Free Municipal Bond ETF during the 4th quarter valued at about $74,000. Finally, Bristlecone Advisors LLC raised 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 purchasing 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.