Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Large Volume Increase – Should You Buy?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) shares saw an uptick in trading volume on Tuesday. 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 Trading Down 0.5%

The firm’s 50-day moving average price is $23.60 and its two-hundred day moving average price is $24.01.

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

Several large investors have recently bought and sold shares of PWZ. Bank of America Corp DE boosted its position in shares of Invesco California AMT-Free Municipal Bond ETF by 10.1% during the 1st quarter. Bank of America Corp DE now owns 1,053,233 shares of the company’s stock worth $25,141,000 after purchasing an additional 96,820 shares in the last quarter. Affinity Capital Advisors LLC lifted its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 195.9% in the second quarter. Affinity Capital Advisors LLC now owns 123,281 shares of the company’s stock valued at $3,028,000 after purchasing an additional 81,613 shares during the period. Navigation Group LLC acquired a new stake in shares of Invesco California AMT-Free Municipal Bond ETF in the first quarter valued at about $1,839,000. Citadel Advisors LLC purchased a new stake in Invesco California AMT-Free Municipal Bond ETF during the second quarter worth about $1,423,000. Finally, Chatterton & Associates Inc. boosted its holdings in Invesco California AMT-Free Municipal Bond ETF by 43.3% during the first quarter. Chatterton & Associates Inc. now owns 132,412 shares of the company’s stock worth $3,208,000 after buying an additional 40,031 shares in the last quarter.

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.