Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sets New 12-Month High – Should You Buy?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $25.49 and last traded at $25.23, with a volume of 23388 shares changing hands. The stock had previously closed at $25.10.

Invesco California AMT-Free Municipal Bond ETF Price Performance

The business has a 50-day moving average of $24.93 and a 200-day moving average of $24.87.

Institutional Trading of Invesco California AMT-Free Municipal Bond ETF

A number of large investors have recently made changes to their positions in PWZ. Comerica Bank boosted its position in shares of Invesco California AMT-Free Municipal Bond ETF by 63.7% in the 1st quarter. Comerica Bank now owns 6,668 shares of the company’s stock valued at $166,000 after purchasing an additional 2,594 shares during the period. Omega Financial Group LLC boosted its position in shares of Invesco California AMT-Free Municipal Bond ETF by 4.8% in the 2nd quarter. Omega Financial Group LLC now owns 25,562 shares of the company’s stock valued at $631,000 after purchasing an additional 1,180 shares during the period. Diversify Advisory Services LLC purchased a new stake in Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter valued at approximately $688,000. Williams & Novak LLC raised its stake in Invesco California AMT-Free Municipal Bond ETF by 38.5% during the 2nd quarter. Williams & Novak LLC now owns 66,200 shares of the company’s stock valued at $1,633,000 after acquiring an additional 18,400 shares during the last quarter. Finally, Miracle Mile Advisors LLC raised its stake in Invesco California AMT-Free Municipal Bond ETF by 32.6% during the 2nd quarter. Miracle Mile Advisors LLC now owns 2,114,241 shares of the company’s stock valued at $52,158,000 after acquiring an additional 519,838 shares during the last quarter.

Invesco California AMT-Free Municipal Bond ETF Company Profile

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.