Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Stock Price Breaks Below 200-Day Moving Average – What’s Next?

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI)’s share price passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $24.83 and traded as low as $24.78. Invesco Floating Rate Municipal Income ETF shares last traded at $24.82, with a volume of 2,012 shares changing hands.

Invesco Floating Rate Municipal Income ETF Price Performance

The company’s fifty day moving average is $24.87 and its 200-day moving average is $24.83.

Hedge Funds Weigh In On Invesco Floating Rate Municipal Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of PVI. Smith Partners Wealth Management LLC bought a new position in Invesco Floating Rate Municipal Income ETF in the third quarter valued at about $269,000. Signature Equity Partners LLC purchased a new position in Invesco Floating Rate Municipal Income ETF in the third quarter worth about $104,000. Flagship Harbor Advisors LLC boosted its position in Invesco Floating Rate Municipal Income ETF by 3.2% in the third quarter. Flagship Harbor Advisors LLC now owns 40,747 shares of the company’s stock worth $1,017,000 after purchasing an additional 1,274 shares during the last quarter. Avior Wealth Management LLC purchased a new position in Invesco Floating Rate Municipal Income ETF in the third quarter worth about $551,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Invesco Floating Rate Municipal Income ETF during the 3rd quarter valued at about $25,000.

About Invesco Floating Rate Municipal Income ETF

The Invesco VRDO Tax-Free ETF (PVI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of VRDOs issued by US municipalities. PVI was launched on Nov 15, 2007 and is managed by Invesco.