Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Hits New 1-Year Low – Time to Sell?

Shares of Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) hit a new 52-week low on Wednesday. The company traded as low as $22.07 and last traded at $22.1490, with a volume of 44933 shares. The stock had previously closed at $22.31.

Invesco California AMT-Free Municipal Bond ETF Price Performance

The business’s 50 day moving average is $23.40 and its 200 day moving average is $23.93.

Institutional Trading of Invesco California AMT-Free Municipal Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 10.1% in the 1st quarter. Bank of America Corp DE now owns 1,053,233 shares of the company’s stock valued at $25,141,000 after purchasing an additional 96,820 shares in the last quarter. Affinity Capital Advisors LLC grew its holdings in Invesco California AMT-Free Municipal Bond ETF by 195.9% in the second quarter. Affinity Capital Advisors LLC now owns 123,281 shares of the company’s stock valued at $3,028,000 after purchasing an additional 81,613 shares during the period. Navigation Group LLC purchased a new stake in shares of Invesco California AMT-Free Municipal Bond ETF in the first quarter valued at approximately $1,839,000. Citadel Advisors LLC acquired a new position in shares of Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth approximately $1,423,000. Finally, Chatterton & Associates Inc. raised its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 43.3% during the 1st quarter. Chatterton & Associates Inc. now owns 132,412 shares of the company’s stock worth $3,208,000 after buying an additional 40,031 shares during the period.

About Invesco California AMT-Free Municipal Bond ETF

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.