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

Shares of Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) reached a new 52-week high during trading on Monday . The stock traded as high as $24.59 and last traded at $24.59, with a volume of 8221 shares traded. The stock had previously closed at $24.57.

Invesco California AMT-Free Municipal Bond ETF Stock Performance

The stock’s 50-day moving average is $24.28 and its two-hundred day moving average is $24.24.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Navalign LLC bought a new stake in shares of Invesco California AMT-Free Municipal Bond ETF in the fourth quarter worth about $27,000. Ameriflex Group Inc. increased its stake in Invesco California AMT-Free Municipal Bond ETF by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 2,998 shares of the company’s stock worth $72,000 after acquiring an additional 1,499 shares during the last quarter. Eclectic Associates Inc. ADV bought a new stake in Invesco California AMT-Free Municipal Bond ETF in the 4th quarter worth approximately $202,000. Elequin Capital LP purchased a new stake in shares of Invesco California AMT-Free Municipal Bond ETF during the 3rd quarter worth approximately $211,000. Finally, Blue Zone Wealth Advisors LLC purchased a new stake in shares of Invesco California AMT-Free Municipal Bond ETF during the 4th quarter worth approximately $229,000.

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.