Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Large Volume Increase – Should You Buy?

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) saw strong trading volume on Monday . 281,200 shares traded hands during mid-day trading, an increase of 18% from the previous session’s volume of 238,976 shares.The stock last traded at $23.83 and had previously closed at $23.92.

Invesco California AMT-Free Municipal Bond ETF Stock Performance

The company has a 50-day moving average of $24.21 and a two-hundred day moving average of $24.22.

Institutional Trading of Invesco California AMT-Free Municipal Bond ETF

A number of hedge funds have recently modified their holdings of the business. Navalign LLC bought a new position in shares of Invesco California AMT-Free Municipal Bond ETF in the 4th quarter worth about $27,000. United Community Bank bought a new position in shares of Invesco California AMT-Free Municipal Bond ETF during the second quarter valued at approximately $31,000. TD Waterhouse Canada Inc. bought a new position in shares of Invesco California AMT-Free Municipal Bond ETF during the second quarter valued at approximately $71,000. Nwam LLC purchased a new position in shares of Invesco California AMT-Free Municipal Bond ETF during the second quarter valued at approximately $100,000. Finally, Greenspring Advisors LLC purchased a new position in shares of Invesco California AMT-Free Municipal Bond ETF during the second quarter valued at approximately $104,000.

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.