Syon Capital LLC Has $31.03 Million Stake in Invesco California AMT-Free Municipal Bond ETF $PWZ

Syon Capital LLC trimmed its position in Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,297,219 shares of the company’s stock after selling 54,399 shares during the quarter. Invesco California AMT-Free Municipal Bond ETF accounts for 1.7% of Syon Capital LLC’s portfolio, making the stock its 12th largest position. Syon Capital LLC owned about 2.86% of Invesco California AMT-Free Municipal Bond ETF worth $31,029,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC grew its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 265.5% during the third quarter. Wealthfront Advisers LLC now owns 18,905,818 shares of the company’s stock worth $452,227,000 after purchasing an additional 13,733,922 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Invesco California AMT-Free Municipal Bond ETF by 16.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,666,448 shares of the company’s stock worth $38,895,000 after buying an additional 239,883 shares during the period. Jane Street Group LLC increased its stake in Invesco California AMT-Free Municipal Bond ETF by 82.3% in the second quarter. Jane Street Group LLC now owns 489,526 shares of the company’s stock valued at $11,426,000 after purchasing an additional 220,948 shares in the last quarter. Guggenheim Capital LLC raised its holdings in Invesco California AMT-Free Municipal Bond ETF by 66.7% in the second quarter. Guggenheim Capital LLC now owns 282,428 shares of the company’s stock worth $6,592,000 after purchasing an additional 113,043 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Invesco California AMT-Free Municipal Bond ETF by 40.2% during the third quarter. JPMorgan Chase & Co. now owns 232,168 shares of the company’s stock worth $5,553,000 after purchasing an additional 66,597 shares in the last quarter.

Invesco California AMT-Free Municipal Bond ETF Price Performance

Shares of PWZ stock opened at $24.47 on Wednesday. Invesco California AMT-Free Municipal Bond ETF has a 12-month low of $22.23 and a 12-month high of $24.94. The firm has a fifty day moving average of $24.23 and a 200-day moving average of $23.99.

Invesco California AMT-Free Municipal Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were issued a $0.077 dividend. This represents a c) annualized dividend and a dividend yield of 3.8%. This is an increase from Invesco California AMT-Free Municipal Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Tuesday, January 20th.

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.