Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Trading Up 0.7% – Time to Buy?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ)’s stock price was up 0.7% on Tuesday . The company traded as high as $24.09 and last traded at $24.08. Approximately 250,150 shares changed hands during trading, an increase of 9% from the average daily volume of 228,956 shares. The stock had previously closed at $23.92.

Invesco California AMT-Free Municipal Bond ETF Stock Performance

The business’s 50 day simple moving average is $24.10 and its two-hundred day simple moving average is $24.21.

Institutional Trading of Invesco California AMT-Free Municipal Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Elmwood Wealth Management Inc. increased its stake in Invesco California AMT-Free Municipal Bond ETF by 396.0% during the 3rd quarter. Elmwood Wealth Management Inc. now owns 124,364 shares of the company’s stock valued at $2,975,000 after purchasing an additional 99,289 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Invesco California AMT-Free Municipal Bond ETF by 28.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 99,712 shares of the company’s stock valued at $2,409,000 after purchasing an additional 22,146 shares in the last quarter. Chatterton & Associates Inc. bought a new stake in Invesco California AMT-Free Municipal Bond ETF during the 4th quarter valued at about $2,232,000. JPMorgan Chase & Co. increased its stake in Invesco California AMT-Free Municipal Bond ETF by 40.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 232,168 shares of the company’s stock valued at $5,553,000 after purchasing an additional 66,597 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC increased its stake in Invesco California AMT-Free Municipal Bond ETF by 119.5% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 52,356 shares of the company’s stock valued at $1,265,000 after purchasing an additional 28,508 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.