Bank of America Corp DE Increases Holdings in Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI)

Bank of America Corp DE lifted its position in shares of Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) by 28.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,963 shares of the company’s stock after buying an additional 16,856 shares during the period. Bank of America Corp DE owned about 4.97% of Invesco Floating Rate Municipal Income ETF worth $1,902,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Jane Street Group LLC increased its stake in shares of Invesco Floating Rate Municipal Income ETF by 140.6% during the fourth quarter. Jane Street Group LLC now owns 42,896 shares of the company’s stock valued at $1,060,000 after buying an additional 25,068 shares during the period. Wealthcare Capital Partners LLC purchased a new position in shares of Invesco Floating Rate Municipal Income ETF during the fourth quarter valued at approximately $222,000. Mariner LLC purchased a new position in shares of Invesco Floating Rate Municipal Income ETF during the fourth quarter valued at approximately $219,000. Envestnet Asset Management Inc. increased its stake in shares of Invesco Floating Rate Municipal Income ETF by 35.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 14,292 shares of the company’s stock valued at $353,000 after buying an additional 3,712 shares during the period. Finally, Mechanics Financial Corp purchased a new position in shares of Invesco Floating Rate Municipal Income ETF during the fourth quarter valued at approximately $42,000.

Invesco Floating Rate Municipal Income ETF Price Performance

PVI opened at $24.85 on Wednesday. Invesco Floating Rate Municipal Income ETF has a 52-week low of $24.34 and a 52-week high of $25.37. The stock’s 50 day moving average price is $24.85 and its 200-day moving average price is $24.82.

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.