Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Sees Strong Trading Volume – Still a Buy?

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZAGet Free Report) shares saw strong trading volume on Wednesday . 4,006,436 shares were traded during mid-day trading, an increase of 169% from the previous session’s volume of 1,486,686 shares.The stock last traded at $22.88 and had previously closed at $22.83.

Invesco National AMT-Free Municipal Bond ETF Price Performance

The stock’s 50 day simple moving average is $23.22 and its two-hundred day simple moving average is $23.24.

Institutional Investors Weigh In On Invesco National AMT-Free Municipal Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blair William & Co. IL boosted its stake in Invesco National AMT-Free Municipal Bond ETF by 795.2% during the third quarter. Blair William & Co. IL now owns 1,486 shares of the company’s stock worth $34,000 after buying an additional 1,320 shares during the last quarter. Coston McIsaac & Partners purchased a new position in shares of Invesco National AMT-Free Municipal Bond ETF during the 4th quarter worth $40,000. Centennial Bank AR raised its holdings in shares of Invesco National AMT-Free Municipal Bond ETF by 204.3% during the 4th quarter. Centennial Bank AR now owns 2,030 shares of the company’s stock worth $47,000 after acquiring an additional 1,363 shares during the period. Kingdom Financial Group LLC. acquired a new position in shares of Invesco National AMT-Free Municipal Bond ETF during the 4th quarter valued at about $101,000. Finally, Western Wealth Management LLC acquired a new position in shares of Invesco National AMT-Free Municipal Bond ETF during the 1st quarter valued at about $109,000.

Invesco National AMT-Free Municipal Bond ETF Company Profile

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The Invesco National AMT-Free Municipal Bond ETF (PZA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment grade, tax-exempt debt publicly issued by a US state with at least 15 years remaining to maturity. PZA was launched on Oct 11, 2007 and is managed by Invesco.

Further Reading

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