Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Unusually-High Trading Volume – Here’s Why

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) shares saw unusually-high trading volume on Monday . Approximately 73,817 shares traded hands during mid-day trading, an increase of 50% from the previous session’s volume of 49,316 shares.The stock last traded at $24.68 and had previously closed at $24.64.

Invesco California AMT-Free Municipal Bond ETF Stock Performance

The business has a 50-day moving average price of $24.85 and a two-hundred day moving average price of $24.91.

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

Several institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC grew its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 77.1% during the second quarter. Commonwealth Equity Services LLC now owns 41,663 shares of the company’s stock worth $1,028,000 after purchasing an additional 18,135 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Invesco California AMT-Free Municipal Bond ETF by 30.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 834,585 shares of the company’s stock worth $20,589,000 after buying an additional 194,154 shares during the period. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth about $89,000. Sanctuary Advisors LLC bought a new stake in shares of Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter valued at about $591,000. Finally, GAMMA Investing LLC acquired a new position in Invesco California AMT-Free Municipal Bond ETF during the third quarter valued at approximately $269,000.

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.