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

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) shares saw unusually-strong trading volume on Friday . Approximately 304,630 shares traded hands during trading, an increase of 69% from the previous session’s volume of 180,665 shares.The stock last traded at $24.70 and had previously closed at $24.92.

Invesco California AMT-Free Municipal Bond ETF Stock Down 0.8 %

The company’s 50 day simple moving average is $24.97 and its 200 day simple moving average is $24.85.

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

A number of hedge funds have recently modified their holdings of PWZ. Mattern Capital Management LLC raised its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 2.0% during the first quarter. Mattern Capital Management LLC now owns 23,202 shares of the company’s stock worth $577,000 after acquiring an additional 462 shares during the period. HighTower Advisors LLC increased its holdings in Invesco California AMT-Free Municipal Bond ETF by 1.3% during the 3rd quarter. HighTower Advisors LLC now owns 38,129 shares of the company’s stock worth $959,000 after purchasing an additional 475 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 2.4% in the 3rd quarter. Global Retirement Partners LLC now owns 21,119 shares of the company’s stock valued at $530,000 after purchasing an additional 500 shares during the period. SimpliFi Inc. boosted its position in shares of Invesco California AMT-Free Municipal Bond ETF by 0.9% during the third quarter. SimpliFi Inc. now owns 60,706 shares of the company’s stock worth $1,523,000 after buying an additional 519 shares during the period. Finally, Larson Financial Group LLC boosted its position in shares of Invesco California AMT-Free Municipal Bond ETF by 60.6% during the third quarter. Larson Financial Group LLC now owns 2,650 shares of the company’s stock worth $66,000 after buying an additional 1,000 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.