Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Trading Down 0.1% – What’s Next?

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI)’s share price traded down 0.1% on Tuesday . The stock traded as low as $24.70 and last traded at $24.70. 4,140 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 6,745 shares. The stock had previously closed at $24.73.

Invesco Floating Rate Municipal Income ETF Price Performance

The firm’s 50 day simple moving average is $24.79 and its two-hundred day simple moving average is $24.82.

Hedge Funds Weigh In On Invesco Floating Rate Municipal Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of PVI. Wealthcare Advisory Partners LLC raised its holdings in Invesco Floating Rate Municipal Income ETF by 44.2% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 79,297 shares of the company’s stock valued at $1,976,000 after buying an additional 24,302 shares during the last quarter. Osaic Holdings Inc. grew its holdings in Invesco Floating Rate Municipal Income ETF by 200.4% in the 4th quarter. Osaic Holdings Inc. now owns 22,482 shares of the company’s stock worth $560,000 after acquiring an additional 14,998 shares during the last quarter. Susquehanna International Group LLP bought a new stake in Invesco Floating Rate Municipal Income ETF in the 3rd quarter worth $474,000. Jane Street Group LLC grew its holdings in Invesco Floating Rate Municipal Income ETF by 6.5% in the 2nd quarter. Jane Street Group LLC now owns 48,473 shares of the company’s stock worth $1,201,000 after acquiring an additional 2,949 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Invesco Floating Rate Municipal Income ETF in the 2nd quarter worth $34,000.

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.