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

Shares of Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) saw unusually-high trading volume on Monday . Approximately 190,447 shares changed hands during mid-day trading, a decline of 23% from the previous session’s volume of 246,936 shares.The stock last traded at $23.67 and had previously closed at $23.73.

Invesco California AMT-Free Municipal Bond ETF Stock Down 0.2%

The business’s fifty day moving average is $24.17 and its 200-day moving average is $24.21.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LP purchased a new position in shares of Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth $409,000. Readystate Asset Management LP bought a new position in Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter worth $288,000. Syon Capital LLC raised its holdings in Invesco California AMT-Free Municipal Bond ETF by 2.2% in the 2nd quarter. Syon Capital LLC now owns 1,231,692 shares of the company’s stock worth $30,189,000 after purchasing an additional 26,637 shares during the period. TD Waterhouse Canada Inc. purchased a new position in Invesco California AMT-Free Municipal Bond ETF during the second quarter valued at $71,000. Finally, United Community Bank purchased a new position in Invesco California AMT-Free Municipal Bond ETF during the second quarter valued at $31,000.

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.