Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Stock Price Up 0.1% – Here’s Why

Shares of Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) rose 0.1% during trading on Tuesday . The stock traded as high as $24.91 and last traded at $24.89. Approximately 12,897 shares were traded during trading, an increase of 115% from the average daily volume of 5,986 shares. The stock had previously closed at $24.86.

Invesco Floating Rate Municipal Income ETF Trading Up 0.1%

The business’s 50-day moving average is $24.79 and its 200-day moving average is $24.83.

Invesco Floating Rate Municipal Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were issued a dividend of $0.0343 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 1.7%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wealthcare Advisory Partners LLC raised its position in Invesco Floating Rate Municipal Income ETF by 44.2% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 79,297 shares of the company’s stock valued at $1,976,000 after buying an additional 24,302 shares during the period. Susquehanna International Group LLP acquired a new position in Invesco Floating Rate Municipal Income ETF during the 3rd quarter valued at about $474,000. Foundations Investment Advisors LLC increased its position in shares of Invesco Floating Rate Municipal Income ETF by 77.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 37,710 shares of the company’s stock valued at $940,000 after buying an additional 16,492 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Invesco Floating Rate Municipal Income ETF by 200.4% during the fourth quarter. Osaic Holdings Inc. now owns 22,482 shares of the company’s stock worth $560,000 after buying an additional 14,998 shares during the period. Finally, Wealthcare Capital Management LLC acquired a new position in shares of Invesco Floating Rate Municipal Income ETF during the 4th quarter worth approximately $283,000.

Invesco Floating Rate Municipal Income ETF Company Profile

The Invesco VRDO Tax-Free ETF (PVI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of VRDOs issued by US municipalities. PVI was launched on Nov 15, 2007 and is managed by Invesco.