Mechanics Financial Corp Buys Shares of 1,700 Invesco VRDO Tax-Free ETF (NYSEARCA:PVI)

Mechanics Financial Corp purchased a new stake in shares of Invesco VRDO Tax-Free ETF (NYSEARCA:PVIFree Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,700 shares of the company’s stock, valued at approximately $42,000.

A number of other large investors also recently modified their holdings of PVI. Wealthcare Capital Partners LLC purchased a new stake in Invesco VRDO Tax-Free ETF in the fourth quarter valued at approximately $222,000. Jane Street Group LLC increased its holdings in shares of Invesco VRDO Tax-Free ETF by 74.5% in the 3rd quarter. Jane Street Group LLC now owns 17,828 shares of the company’s stock worth $443,000 after buying an additional 7,614 shares during the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of Invesco VRDO Tax-Free ETF by 9.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 42,876 shares of the company’s stock valued at $1,059,000 after buying an additional 3,525 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of Invesco VRDO Tax-Free ETF by 1.0% during the 4th quarter. LPL Financial LLC now owns 68,430 shares of the company’s stock valued at $1,691,000 after buying an additional 705 shares in the last quarter.

Invesco VRDO Tax-Free ETF Trading Down 0.1 %

Shares of NYSEARCA:PVI opened at $24.82 on Friday. Invesco VRDO Tax-Free ETF has a 52 week low of $24.34 and a 52 week high of $25.37. The company’s fifty day moving average is $24.81 and its 200 day moving average is $24.81.

Invesco VRDO Tax-Free ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.0311 dividend. The ex-dividend date was Monday, March 24th.

Invesco VRDO Tax-Free ETF Profile

(Free Report)

The Invesco VRDO Tax-Free ETF (PVI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of VRDOs issued by US municipalities. PVI was launched on Nov 15, 2007 and is managed by Invesco.

Further Reading

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Institutional Ownership by Quarter for Invesco VRDO Tax-Free ETF (NYSEARCA:PVI)

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