Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Stock Price Down 0% – Here’s What Happened

Shares of Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) were down 0% on Monday . The stock traded as low as $24.80 and last traded at $24.88. Approximately 5,542 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 7,260 shares. The stock had previously closed at $24.89.

Invesco Floating Rate Municipal Income ETF Stock Down 0.0%

The stock has a fifty day moving average price of $24.84 and a 200-day moving average price of $24.83.

Institutional Investors Weigh In On Invesco Floating Rate Municipal Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of PVI. Janney Montgomery Scott LLC bought a new stake in shares of Invesco Floating Rate Municipal Income ETF during the first quarter worth $991,000. Arkadios Wealth Advisors acquired a new position in shares of Invesco Floating Rate Municipal Income ETF during the first quarter valued at $426,000. Foundations Investment Advisors LLC boosted its holdings in Invesco Floating Rate Municipal Income ETF by 77.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 37,710 shares of the company’s stock valued at $940,000 after acquiring an additional 16,492 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Invesco Floating Rate Municipal Income ETF by 15.7% in the second quarter. Avior Wealth Management LLC now owns 19,679 shares of the company’s stock valued at $490,000 after acquiring an additional 2,675 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in Invesco Floating Rate Municipal Income ETF in the second quarter valued at about $29,000.

Invesco Floating Rate Municipal Income ETF Company Profile

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.