Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Shares Sold by First Foundation Advisors

First Foundation Advisors lowered its stake in Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) by 17.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,115,085 shares of the company’s stock after selling 237,223 shares during the quarter. Invesco California AMT-Free Municipal Bond ETF comprises about 1.1% of First Foundation Advisors’ holdings, making the stock its 20th largest position. First Foundation Advisors’ holdings in Invesco California AMT-Free Municipal Bond ETF were worth $26,595,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Miracle Mile Advisors LLC raised its stake in Invesco California AMT-Free Municipal Bond ETF by 4.0% during the 1st quarter. Miracle Mile Advisors LLC now owns 2,520,756 shares of the company’s stock valued at $60,120,000 after acquiring an additional 95,912 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 21.5% in the 1st quarter. Stratos Wealth Partners LTD. now owns 1,793,042 shares of the company’s stock worth $42,764,000 after acquiring an additional 317,450 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 14.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,426,565 shares of the company’s stock worth $34,024,000 after acquiring an additional 182,810 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 44.6% in the 4th quarter. Bank of America Corp DE now owns 1,379,449 shares of the company’s stock worth $34,072,000 after acquiring an additional 425,319 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Invesco California AMT-Free Municipal Bond ETF during the fourth quarter valued at $30,864,000.

Invesco California AMT-Free Municipal Bond ETF Stock Performance

Shares of PWZ stock opened at $22.83 on Tuesday. Invesco California AMT-Free Municipal Bond ETF has a 1-year low of $22.23 and a 1-year high of $25.49. The stock’s fifty day simple moving average is $23.19 and its 200-day simple moving average is $23.71.

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.