Flynn Zito Capital Management LLC Sells 28,838 Shares of Invesco New York AMT-Free Municipal Bond ETF $PZT

Flynn Zito Capital Management LLC decreased its stake in shares of Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) by 14.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 173,920 shares of the company’s stock after selling 28,838 shares during the period. Invesco New York AMT-Free Municipal Bond ETF accounts for 1.4% of Flynn Zito Capital Management LLC’s investment portfolio, making the stock its 17th largest position. Flynn Zito Capital Management LLC owned about 2.83% of Invesco New York AMT-Free Municipal Bond ETF worth $3,868,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp bought a new stake in shares of Invesco New York AMT-Free Municipal Bond ETF during the first quarter valued at about $211,000. PFG Investments LLC purchased a new position in Invesco New York AMT-Free Municipal Bond ETF during the second quarter valued at approximately $217,000. Ameritas Advisory Services LLC bought a new stake in Invesco New York AMT-Free Municipal Bond ETF during the 2nd quarter worth approximately $26,000. Sax Wealth Advisors LLC purchased a new stake in Invesco New York AMT-Free Municipal Bond ETF in the 2nd quarter worth approximately $781,000. Finally, Wealthfront Advisers LLC bought a new position in Invesco New York AMT-Free Municipal Bond ETF in the 2nd quarter valued at $267,000.

Invesco New York AMT-Free Municipal Bond ETF Stock Performance

PZT opened at $22.30 on Wednesday. The company has a fifty day moving average price of $22.34 and a 200-day moving average price of $22.11. Invesco New York AMT-Free Municipal Bond ETF has a one year low of $20.19 and a one year high of $23.13.

Invesco New York AMT-Free Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were paid a $0.0684 dividend. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Tuesday, January 20th.

About Invesco New York AMT-Free Municipal Bond ETF

The PowerShares New York AMT-Free Municipal Bond Portfolio (the Fund), formerly The PowerShares Insured New York Municipal Bond Portfolio, is based on The BofA Merrill Lynch New York Long-Term Core Plus Municipal Securities Index (Index). The Fund will invest at least 80% of its total assets in municipal securities that comprise the Index. The Index is composed of the United States dollar-denominated, investment grade, tax-exempt debt publicly issued by New York or any of the United States territory, or their political subdivisions, in the the United States domestic market with a term of at least 15 years remaining to final maturity.