Smart Money Group LLC Cuts Stock Position in Invesco VRDO Tax-Free ETF (NYSEARCA:PVI)

Smart Money Group LLC cut its holdings in Invesco VRDO Tax-Free ETF (NYSEARCA:PVI) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,570 shares of the company’s stock after selling 1,718 shares during the quarter. Smart Money Group LLC owned 0.95% of Invesco VRDO Tax-Free ETF worth $435,000 at the end of the most recent quarter.

Separately, Brookstone Capital Management purchased a new stake in shares of Invesco VRDO Tax-Free ETF during the fourth quarter valued at $225,000.

Invesco VRDO Tax-Free ETF Stock Performance

Shares of PVI remained flat at $24.83 during trading hours on Thursday. 1,040 shares of the stock were exchanged, compared to its average volume of 11,091. Invesco VRDO Tax-Free ETF has a 1 year low of $24.62 and a 1 year high of $25.00. The stock has a 50-day moving average of $24.80 and a two-hundred day moving average of $24.80.

About Invesco VRDO Tax-Free ETF

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.