Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sets New 1-Year Low – What’s Next?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ)’s share price reached a new 52-week low on Wednesday . The company traded as low as $23.34 and last traded at $23.3570, with a volume of 348909 shares changing hands. The stock had previously closed at $23.47.

Invesco California AMT-Free Municipal Bond ETF Trading Down 0.9%

The firm’s 50-day moving average price is $23.99 and its 200 day moving average price is $24.14.

Institutional Trading of Invesco California AMT-Free Municipal Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of PWZ. Jane Street Group LLC grew its holdings in Invesco California AMT-Free Municipal Bond ETF by 41.3% during the first quarter. Jane Street Group LLC now owns 268,578 shares of the company’s stock worth $6,406,000 after buying an additional 78,542 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Invesco California AMT-Free Municipal Bond ETF by 5.3% during the 2nd quarter. Cetera Investment Advisers now owns 20,568 shares of the company’s stock worth $480,000 after acquiring an additional 1,035 shares during the last quarter. Quantinno Capital Management LP bought a new stake in shares of Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter worth $657,000. Corient Private Wealth LLC bought a new stake in shares of Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter worth $227,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 40.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 232,168 shares of the company’s stock worth $5,553,000 after acquiring an additional 66,597 shares in 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.