Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Hits New 1-Year Low – Should You Sell?

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $23.33 and last traded at $23.38, with a volume of 115748 shares traded. The stock had previously closed at $23.48.

Invesco National AMT-Free Municipal Bond ETF Stock Performance

The company’s 50-day moving average is $23.82 and its 200 day moving average is $23.90.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. FMR LLC lifted its position in Invesco National AMT-Free Municipal Bond ETF by 66.9% during the third quarter. FMR LLC now owns 6,868 shares of the company’s stock valued at $166,000 after purchasing an additional 2,752 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Invesco National AMT-Free Municipal Bond ETF by 41.1% during the 3rd quarter. Private Advisor Group LLC now owns 66,295 shares of the company’s stock valued at $1,601,000 after buying an additional 19,309 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 7,888.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,234 shares of the company’s stock worth $102,000 after buying an additional 4,181 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC grew its holdings in shares of Invesco National AMT-Free Municipal Bond ETF by 6.5% in the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,525,514 shares of the company’s stock worth $60,991,000 after acquiring an additional 155,198 shares during the period. Finally, Miracle Mile Advisors LLC increased its position in Invesco National AMT-Free Municipal Bond ETF by 13.5% during the third quarter. Miracle Mile Advisors LLC now owns 724,642 shares of the company’s stock valued at $17,500,000 after acquiring an additional 86,128 shares during the last quarter.

Invesco National AMT-Free Municipal Bond ETF Company Profile

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.