Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Strong Trading Volume – Time to Buy?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) saw strong trading volume on Tuesday. Approximately 394,330 shares were traded during mid-day trading, an increase of 18% from the previous session’s volume of 335,431 shares. The stock last traded at $22.2350 and had previously closed at $22.31.

Invesco California AMT-Free Municipal Bond ETF Price Performance

The stock has a 50-day moving average price of $23.53 and a two-hundred day moving average price of $23.98.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. United Community Bank purchased a new stake in Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter valued at about $31,000. TD Waterhouse Canada Inc. acquired a new position in Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter worth approximately $71,000. Nwam LLC acquired a new position in Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter worth approximately $100,000. Greenspring Advisors LLC purchased a new position in Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth approximately $104,000. Finally, Rothschild Capital Partners LLC acquired a new stake in Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter valued at approximately $128,000.

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.