Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sets New 12-Month High – Time to Buy?

Shares of Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) reached a new 52-week high on Monday . The company traded as high as $24.59 and last traded at $24.59, with a volume of 8221 shares. The stock had previously closed at $24.57.

Invesco California AMT-Free Municipal Bond ETF Stock Performance

The firm’s 50-day moving average price is $24.29 and its 200 day moving average price is $24.24.

Institutional Trading of Invesco California AMT-Free Municipal Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. increased its stake in Invesco California AMT-Free Municipal Bond ETF by 28.6% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 99,712 shares of the company’s stock valued at $2,409,000 after purchasing an additional 22,146 shares in the last quarter. Robertson Stephens Wealth Management LLC lifted its holdings in Invesco California AMT-Free Municipal Bond ETF by 119.5% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 52,356 shares of the company’s stock worth $1,265,000 after acquiring an additional 28,508 shares in the last quarter. Chatterton & Associates Inc. bought a new position in Invesco California AMT-Free Municipal Bond ETF during the fourth quarter worth about $2,232,000. JPMorgan Chase & Co. grew its stake in Invesco California AMT-Free Municipal Bond ETF by 40.2% in the third quarter. JPMorgan Chase & Co. now owns 232,168 shares of the company’s stock valued at $5,553,000 after acquiring an additional 66,597 shares during the period. Finally, Destination Wealth Management grew its stake in Invesco California AMT-Free Municipal Bond ETF by 67.0% in the third quarter. Destination Wealth Management now owns 58,868 shares of the company’s stock valued at $1,408,000 after acquiring an additional 23,612 shares during the period.

Invesco California AMT-Free Municipal Bond ETF Company Profile

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.