Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Strong Trading Volume – Still a Buy?

Shares of Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) saw strong trading volume on Monday. Approximately 659,994 shares changed hands during trading, an increase of 73% from the previous session’s volume of 380,705 shares. The stock last traded at $22.2650 and had previously closed at $22.25.

Invesco California AMT-Free Municipal Bond ETF Stock Performance

The company’s fifty day simple moving average is $23.40 and its two-hundred day simple moving average is $23.93.

Institutional Investors Weigh In On Invesco California AMT-Free Municipal Bond ETF

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in 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 worth $25,141,000 after purchasing an additional 96,820 shares during the period. Affinity Capital Advisors LLC boosted its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 195.9% during 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 bought a new position in shares of Invesco California AMT-Free Municipal Bond ETF in the first quarter worth approximately $1,839,000. Citadel Advisors LLC bought a new position in shares of Invesco California AMT-Free Municipal Bond ETF in the second quarter worth approximately $1,423,000. Finally, Chatterton & Associates Inc. increased its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 43.3% in the first 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.