Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sets New 12-Month Low – Here’s Why

Shares of Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) reached a new 52-week low on Monday . The company traded as low as $24.05 and last traded at $24.06, with a volume of 9399 shares changing hands. The stock had previously closed at $24.13.

Invesco California AMT-Free Municipal Bond ETF Trading Down 0.1 %

The stock has a fifty day simple moving average of $24.49 and a two-hundred day simple moving average of $24.77.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PWZ. Larson Financial Group LLC grew its holdings in Invesco California AMT-Free Municipal Bond ETF by 60.6% during the 3rd quarter. Larson Financial Group LLC now owns 2,650 shares of the company’s stock valued at $66,000 after buying an additional 1,000 shares in the last quarter. Townsquare Capital LLC purchased a new position in Invesco California AMT-Free Municipal Bond ETF during the 3rd quarter valued at about $475,000. HighTower Advisors LLC grew its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 1.3% during the third 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. EP Wealth Advisors LLC grew its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 1.7% during the third quarter. EP Wealth Advisors LLC now owns 773,395 shares of the company’s stock worth $19,397,000 after purchasing an additional 12,990 shares in the last quarter. Finally, Destination Wealth Management grew its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 2.0% during the third quarter. Destination Wealth Management now owns 26,118 shares of the company’s stock worth $655,000 after purchasing an additional 500 shares in the last quarter.

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.