Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $24.83 and traded as low as $24.78. Invesco Floating Rate Municipal Income ETF shares last traded at $24.82, with a volume of 2,012 shares.

Invesco Floating Rate Municipal Income ETF Stock Performance

The business has a 50 day moving average of $24.87 and a two-hundred day moving average of $24.83.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Smith Partners Wealth Management LLC acquired a new position in shares of Invesco Floating Rate Municipal Income ETF in the third quarter valued at approximately $269,000. Signature Equity Partners LLC bought a new position in shares of Invesco Floating Rate Municipal Income ETF during the third quarter valued at approximately $104,000. Flagship Harbor Advisors LLC grew its position in Invesco Floating Rate Municipal Income ETF by 3.2% during the third quarter. Flagship Harbor Advisors LLC now owns 40,747 shares of the company’s stock valued at $1,017,000 after buying an additional 1,274 shares during the period. Avior Wealth Management LLC purchased a new position in Invesco Floating Rate Municipal Income ETF during the 3rd quarter valued at approximately $551,000. Finally, Farther Finance Advisors LLC purchased a new position in Invesco Floating Rate Municipal Income ETF during the 3rd quarter worth $25,000.

About Invesco Floating Rate Municipal Income ETF

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.