Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Large Volume Increase

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) saw unusually-high trading volume on Thursday . Approximately 353,452 shares traded hands during mid-day trading, an increase of 159% from the previous session’s volume of 136,295 shares.The stock last traded at $24.46 and had previously closed at $24.47.

Invesco California AMT-Free Municipal Bond ETF Price Performance

The company has a fifty day simple moving average of $24.79 and a 200-day simple moving average of $24.52.

Hedge Funds Weigh In On Invesco California AMT-Free Municipal Bond ETF

Several large investors have recently modified their holdings of PWZ. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 9.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 22,299 shares of the company’s stock valued at $523,000 after purchasing an additional 1,928 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Invesco California AMT-Free Municipal Bond ETF in the 3rd quarter valued at $1,379,000. Miracle Mile Advisors LLC lifted its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 3,577.9% in the 3rd quarter. Miracle Mile Advisors LLC now owns 709,902 shares of the company’s stock valued at $16,661,000 after purchasing an additional 690,600 shares during the last quarter. Boyd Wealth Management LLC lifted its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 9.6% in the 3rd quarter. Boyd Wealth Management LLC now owns 242,613 shares of the company’s stock valued at $5,694,000 after purchasing an additional 21,164 shares during the last quarter. Finally, Lodestar Private Asset Management LLC lifted its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 7.0% in the 3rd quarter. Lodestar Private Asset Management LLC now owns 47,680 shares of the company’s stock valued at $1,119,000 after purchasing an additional 3,115 shares during the last quarter.

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.