HighTower Advisors LLC Reduces Stock Position in Invesco New York AMT-Free Municipal Bond ETF $PZT

HighTower Advisors LLC cut its holdings in Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) by 6.2% during the 3rd quarter, Holdings Channel reports. The firm owned 619,333 shares of the company’s stock after selling 40,873 shares during the period. HighTower Advisors LLC owned approximately 0.10% of Invesco New York AMT-Free Municipal Bond ETF worth $13,775,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stratos Wealth Partners LTD. lifted its holdings in Invesco New York AMT-Free Municipal Bond ETF by 44.8% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 24,645 shares of the company’s stock worth $548,000 after buying an additional 7,626 shares during the period. Wealthfront Advisers LLC raised its holdings in shares of Invesco New York AMT-Free Municipal Bond ETF by 51.4% during the third quarter. Wealthfront Advisers LLC now owns 18,669 shares of the company’s stock valued at $415,000 after acquiring an additional 6,336 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Invesco New York AMT-Free Municipal Bond ETF during the third quarter valued at approximately $220,000. Envestnet Asset Management Inc. lifted its stake in Invesco New York AMT-Free Municipal Bond ETF by 11.9% in the third quarter. Envestnet Asset Management Inc. now owns 34,308 shares of the company’s stock worth $763,000 after acquiring an additional 3,638 shares during the period. Finally, PFG Investments LLC lifted its stake in Invesco New York AMT-Free Municipal Bond ETF by 17.3% in the third quarter. PFG Investments LLC now owns 11,785 shares of the company’s stock worth $262,000 after acquiring an additional 1,742 shares during the period.

Invesco New York AMT-Free Municipal Bond ETF Trading Up 0.0%

NYSEARCA:PZT opened at $22.58 on Friday. The firm’s fifty day simple moving average is $22.35 and its 200 day simple moving average is $22.21. Invesco New York AMT-Free Municipal Bond ETF has a twelve month low of $20.19 and a twelve month high of $23.13.

Invesco New York AMT-Free Municipal Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were paid a dividend of $0.0684 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

About Invesco New York AMT-Free Municipal Bond ETF

The PowerShares New York AMT-Free Municipal Bond Portfolio (the Fund), formerly The PowerShares Insured New York Municipal Bond Portfolio, is based on The BofA Merrill Lynch New York Long-Term Core Plus Municipal Securities Index (Index). The Fund will invest at least 80% of its total assets in municipal securities that comprise the Index. The Index is composed of the United States dollar-denominated, investment grade, tax-exempt debt publicly issued by New York or any of the United States territory, or their political subdivisions, in the the United States domestic market with a term of at least 15 years remaining to final maturity.