Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sets New 12-Month High – Should You 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 $25.49 and last traded at $25.23, with a volume of 23388 shares. The stock had previously closed at $25.10.

Invesco California AMT-Free Municipal Bond ETF Stock Up 0.5 %

The firm has a fifty day simple moving average of $24.93 and a 200-day simple moving average of $24.88.

Hedge Funds Weigh In On Invesco California AMT-Free Municipal Bond ETF

A number of large investors have recently modified their holdings of the company. Larson Financial Group LLC acquired a new position in Invesco California AMT-Free Municipal Bond ETF during the second quarter worth $41,000. Bristlecone Advisors LLC bought a new stake in shares of Invesco California AMT-Free Municipal Bond ETF during the third quarter worth about $78,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter worth about $89,000. Comerica Bank lifted its position in Invesco California AMT-Free Municipal Bond ETF by 63.7% in the 1st quarter. Comerica Bank now owns 6,668 shares of the company’s stock valued at $166,000 after acquiring an additional 2,594 shares in the last quarter. Finally, Atomi Financial Group Inc. acquired a new position in Invesco California AMT-Free Municipal Bond ETF during the 3rd quarter valued at about $202,000.

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.