Miracle Mile Advisors LLC Grows Stock Position in Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ)

Miracle Mile Advisors LLC boosted its position in shares of Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,424,844 shares of the company’s stock after buying an additional 154,087 shares during the quarter. Invesco California AMT-Free Municipal Bond ETF accounts for approximately 1.2% of Miracle Mile Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Miracle Mile Advisors LLC owned 7.04% of Invesco California AMT-Free Municipal Bond ETF worth $59,894,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC lifted its position in shares of Invesco California AMT-Free Municipal Bond ETF by 60.6% during the third quarter. Larson Financial Group LLC now owns 2,650 shares of the company’s stock worth $66,000 after purchasing an additional 1,000 shares during the last quarter. Bristlecone Advisors LLC purchased a new position in Invesco California AMT-Free Municipal Bond ETF in the 3rd quarter worth about $78,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter worth about $89,000. Atomi Financial Group Inc. bought a new stake in Invesco California AMT-Free Municipal Bond ETF during the 3rd quarter valued at about $202,000. Finally, GAMMA Investing LLC purchased a new stake in Invesco California AMT-Free Municipal Bond ETF in the 3rd quarter valued at about $269,000.

Invesco California AMT-Free Municipal Bond ETF Price Performance

PWZ stock traded down $0.19 during mid-day trading on Monday, reaching $24.21. The company had a trading volume of 156,802 shares, compared to its average volume of 96,300. The firm has a 50 day moving average of $24.84 and a 200 day moving average of $24.90. Invesco California AMT-Free Municipal Bond ETF has a 12 month low of $24.20 and a 12 month high of $25.49.

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.