Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Hits New 52-Week Low – What’s Next?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $24.25 and last traded at $24.25, with a volume of 33124 shares traded. The stock had previously closed at $24.40.

Invesco California AMT-Free Municipal Bond ETF Trading Up 0.7 %

The company has a fifty day moving average price of $24.81 and a two-hundred day moving average price of $24.89.

Institutional Investors Weigh In On Invesco California AMT-Free Municipal Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its position in Invesco California AMT-Free Municipal Bond ETF by 60.6% during the 3rd quarter. Larson Financial Group LLC now owns 2,650 shares of the company’s stock worth $66,000 after acquiring an additional 1,000 shares during the last quarter. Bristlecone Advisors LLC bought a new stake in shares of Invesco California AMT-Free Municipal Bond ETF in the third quarter worth $78,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Invesco California AMT-Free Municipal Bond ETF in the second quarter worth $89,000. Atomi Financial Group Inc. acquired a new position in Invesco California AMT-Free Municipal Bond ETF during the third quarter worth $202,000. Finally, Cliftonlarsonallen Wealth Advisors LLC bought a new position in Invesco California AMT-Free Municipal Bond ETF in the fourth quarter valued at $255,000.

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.