Gerber Kawasaki Wealth & Investment Management Raises Stock Position in Invesco California AMT-Free Municipal Bond ETF $PWZ

Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) by 42.0% during the third quarter, Holdings Channel.com reports. The fund owned 1,732,806 shares of the company’s stock after buying an additional 512,910 shares during the period. Invesco California AMT-Free Municipal Bond ETF accounts for approximately 1.4% of Gerber Kawasaki Wealth & Investment Management’s portfolio, making the stock its 17th largest position. Gerber Kawasaki Wealth & Investment Management’s holdings in Invesco California AMT-Free Municipal Bond ETF were worth $41,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Prospera Financial Services Inc grew its position in shares of Invesco California AMT-Free Municipal Bond ETF by 1.6% during the third quarter. Prospera Financial Services Inc now owns 43,896 shares of the company’s stock worth $1,050,000 after purchasing an additional 683 shares in the last quarter. Clifford Swan Investment Counsel LLC raised its stake in Invesco California AMT-Free Municipal Bond ETF by 7.3% during the 3rd quarter. Clifford Swan Investment Counsel LLC now owns 11,050 shares of the company’s stock valued at $264,000 after purchasing an additional 750 shares during the period. Cetera Investment Advisers raised its stake in Invesco California AMT-Free Municipal Bond ETF by 5.3% during the 2nd quarter. Cetera Investment Advisers now owns 20,568 shares of the company’s stock valued at $480,000 after purchasing an additional 1,035 shares during the period. Lodestar Private Asset Management LLC lifted its holdings in Invesco California AMT-Free Municipal Bond ETF by 2.2% in the 3rd quarter. Lodestar Private Asset Management LLC now owns 64,152 shares of the company’s stock worth $1,535,000 after purchasing an additional 1,351 shares in the last quarter. Finally, Ameriflex Group Inc. boosted 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 purchasing an additional 1,499 shares during the period.

Invesco California AMT-Free Municipal Bond ETF Stock Performance

PWZ stock opened at $24.28 on Monday. Invesco California AMT-Free Municipal Bond ETF has a 1-year low of $22.23 and a 1-year high of $24.59. The business has a 50 day simple moving average of $24.30 and a two-hundred day simple moving average of $24.12.

Invesco California AMT-Free Municipal Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were given a dividend of $0.0755 per share. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

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.