Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Stock Price Up 0.1% – Here’s Why

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) shares rose 0.1% on Tuesday . The company traded as high as $24.91 and last traded at $24.89. Approximately 12,897 shares were traded during mid-day trading, an increase of 115% from the average daily volume of 5,986 shares. The stock had previously closed at $24.86.

Invesco Floating Rate Municipal Income ETF Trading Up 0.1%

The company’s 50 day moving average price is $24.79 and its 200-day moving average price is $24.83.

Invesco Floating Rate Municipal Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a dividend of $0.0343 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Trading of Invesco Floating Rate Municipal Income ETF

A number of hedge funds have recently bought and sold shares of PVI. Raymond James Financial Inc. bought a new stake in shares of Invesco Floating Rate Municipal Income ETF during the second quarter valued at approximately $34,000. Wealthcare Capital Management LLC acquired a new position in Invesco Floating Rate Municipal Income ETF in the 4th quarter valued at $283,000. Foundations Investment Advisors LLC boosted its position in shares of Invesco Floating Rate Municipal Income ETF by 46.0% during the 2nd quarter. Foundations Investment Advisors LLC now owns 18,131 shares of the company’s stock worth $449,000 after acquiring an additional 5,714 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Invesco Floating Rate Municipal Income ETF by 4.6% during the 4th quarter. Avior Wealth Management LLC now owns 18,329 shares of the company’s stock valued at $457,000 after acquiring an additional 798 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new stake in Invesco Floating Rate Municipal Income ETF in the third quarter valued at approximately $474,000.

Invesco Floating Rate Municipal Income ETF Company Profile

The Invesco VRDO Tax-Free ETF (PVI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of VRDOs issued by US municipalities. PVI was launched on Nov 15, 2007 and is managed by Invesco.