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

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) shares saw unusually-strong trading volume on Monday. 513,359 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 442,035 shares. The stock last traded at $22.6780 and had previously closed at $22.73.

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

The company has a 50-day moving average price of $23.15 and a 200-day moving average price of $23.85.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in Invesco California AMT-Free Municipal Bond ETF by 4.2% during the 1st quarter. Royal Bank of Canada now owns 15,645 shares of the company’s stock worth $373,000 after acquiring an additional 635 shares during the period. United Community Bank purchased a new position in Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter valued at approximately $31,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter worth about $71,000. Nwam LLC purchased a new position in shares of Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth approximately $100,000. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 39.8% in the second quarter. Concurrent Investment Advisors LLC now owns 14,544 shares of the company’s stock worth $356,000 after acquiring an additional 4,144 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.