Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Unusually-High Trading Volume – Here’s Why

Shares of Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) saw strong trading volume on Wednesday . 459,766 shares traded hands during trading, an increase of 241% from the previous session’s volume of 134,843 shares.The stock last traded at $24.34 and had previously closed at $24.23.

Invesco California AMT-Free Municipal Bond ETF Trading Up 0.5 %

The business has a fifty day moving average price of $24.80 and a 200-day moving average price of $24.89.

Institutional Trading of Invesco California AMT-Free Municipal Bond ETF

Hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC grew its position in Invesco California AMT-Free Municipal Bond ETF by 1.3% during the third quarter. HighTower Advisors LLC now owns 38,129 shares of the company’s stock valued at $959,000 after buying an additional 475 shares during the period. Global Retirement Partners LLC boosted its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 2.4% during the 3rd quarter. Global Retirement Partners LLC now owns 21,119 shares of the company’s stock worth $530,000 after acquiring an additional 500 shares during the last quarter. Destination Wealth Management grew its position in shares of Invesco California AMT-Free Municipal Bond ETF by 2.0% during the 3rd quarter. Destination Wealth Management now owns 26,118 shares of the company’s stock valued at $655,000 after acquiring an additional 500 shares during the period. SimpliFi Inc. increased its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 0.9% in the 3rd quarter. SimpliFi Inc. now owns 60,706 shares of the company’s stock worth $1,523,000 after purchasing an additional 519 shares in the last quarter. Finally, Mattern Capital Management LLC raised its holdings in Invesco California AMT-Free Municipal Bond ETF by 2.2% in the 3rd quarter. Mattern Capital Management LLC now owns 24,763 shares of the company’s stock worth $621,000 after purchasing an additional 532 shares during the period.

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.