Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Trading Up 0% – Here’s What Happened

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) shares rose 0% during mid-day trading on Monday . The stock traded as high as $24.75 and last traded at $24.75. Approximately 481 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 6,108 shares. The stock had previously closed at $24.74.

Invesco Floating Rate Municipal Income ETF Trading Up 0.0%

The business has a fifty day simple moving average of $24.82 and a 200-day simple moving average of $24.84.

Invesco Floating Rate Municipal Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 23rd will be issued a $0.0343 dividend. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, February 23rd.

Hedge Funds Weigh In On Invesco Floating Rate Municipal Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Foundations Investment Advisors LLC increased its position in Invesco Floating Rate Municipal Income ETF by 46.0% in the 2nd quarter. Foundations Investment Advisors LLC now owns 18,131 shares of the company’s stock valued at $449,000 after buying an additional 5,714 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Invesco Floating Rate Municipal Income ETF in the second quarter valued at approximately $1,583,000. Osaic Holdings Inc. grew its stake in Invesco Floating Rate Municipal Income ETF by 200.4% in the fourth quarter. Osaic Holdings Inc. now owns 22,482 shares of the company’s stock valued at $560,000 after acquiring an additional 14,998 shares during the period. Wealthcare Capital Management LLC bought a new stake in shares of Invesco Floating Rate Municipal Income ETF during the fourth quarter valued at approximately $283,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Invesco Floating Rate Municipal Income ETF during the third quarter worth approximately $474,000.

About Invesco Floating Rate Municipal Income ETF

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.