Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Strong Trading Volume – Here’s Why

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) shares saw an uptick in trading volume on Monday . 73,817 shares changed hands during mid-day trading, an increase of 50% from the previous session’s volume of 49,316 shares.The stock last traded at $24.68 and had previously closed at $24.64.

Invesco California AMT-Free Municipal Bond ETF Stock Down 0.4 %

The stock has a 50-day simple moving average of $24.85 and a 200 day simple moving average of $24.91.

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

Several institutional investors and hedge funds have recently bought and sold shares of PWZ. HighTower Advisors LLC boosted its position in shares of 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 in the last quarter. Global Retirement Partners LLC lifted its stake in Invesco California AMT-Free Municipal Bond ETF by 2.4% during the third quarter. Global Retirement Partners LLC now owns 21,119 shares of the company’s stock worth $530,000 after purchasing an additional 500 shares during the period. Destination Wealth Management boosted its holdings in Invesco California AMT-Free Municipal Bond ETF by 2.0% during 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 in the last quarter. SimpliFi Inc. grew its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 0.9% in the 3rd quarter. SimpliFi Inc. now owns 60,706 shares of the company’s stock valued at $1,523,000 after purchasing an additional 519 shares during the period. Finally, Mattern Capital Management LLC raised its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 2.2% in the 3rd quarter. Mattern Capital Management LLC now owns 24,763 shares of the company’s stock worth $621,000 after buying an additional 532 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.