Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Strong Trading Volume

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) saw unusually-strong trading volume on Wednesday . Approximately 41,362 shares changed hands during mid-day trading, a decline of 70% from the previous session’s volume of 137,516 shares.The stock last traded at $24.85 and had previously closed at $24.84.

Invesco California AMT-Free Municipal Bond ETF Stock Performance

The company has a 50 day moving average of $24.69 and a 200-day moving average of $24.82.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Avidian Wealth Solutions LLC bought a new position in shares of Invesco California AMT-Free Municipal Bond ETF in the 4th quarter worth $203,000. Raymond James Financial Services Advisors Inc. grew its position in Invesco California AMT-Free Municipal Bond ETF by 12.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,872 shares of the company’s stock worth $421,000 after acquiring an additional 1,927 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in Invesco California AMT-Free Municipal Bond ETF by 482.8% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 59,998 shares of the company’s stock valued at $1,501,000 after acquiring an additional 49,703 shares during the last quarter. Affinity Capital Advisors LLC raised its position in Invesco California AMT-Free Municipal Bond ETF by 1.3% during the first quarter. Affinity Capital Advisors LLC now owns 172,398 shares of the company’s stock valued at $4,288,000 after purchasing an additional 2,172 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its stake in Invesco California AMT-Free Municipal Bond ETF by 18.8% during the fourth quarter. Miracle Mile Advisors LLC now owns 843,135 shares of the company’s stock worth $21,062,000 after purchasing an additional 133,233 shares during 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.