Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Sets New 52-Week Low – Here’s Why

Shares of Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $22.39 and last traded at $22.3960, with a volume of 26976 shares. The stock had previously closed at $22.42.

Invesco National AMT-Free Municipal Bond ETF Stock Performance

The business’s 50-day moving average price is $23.01 and its two-hundred day moving average price is $23.18.

Hedge Funds Weigh In On Invesco National AMT-Free Municipal Bond ETF

Several institutional investors have recently made changes to their positions in PZA. Bank of America Corp DE grew its stake in Invesco National AMT-Free Municipal Bond ETF by 5.7% during the 1st quarter. Bank of America Corp DE now owns 55,154,071 shares of the company’s stock worth $1,267,441,000 after buying an additional 2,967,775 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Invesco National AMT-Free Municipal Bond ETF during the third quarter worth about $117,200,000. Bank of New York Mellon Corp grew its position in shares of Invesco National AMT-Free Municipal Bond ETF by 11.2% during the first quarter. Bank of New York Mellon Corp now owns 2,741,415 shares of the company’s stock worth $62,998,000 after acquiring an additional 275,544 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Invesco National AMT-Free Municipal Bond ETF by 374.2% in the 4th quarter. Jane Street Group LLC now owns 2,447,309 shares of the company’s stock worth $56,753,000 after acquiring an additional 1,931,193 shares during the period. Finally, Sofi Wealth LLC lifted its position in Invesco National AMT-Free Municipal Bond ETF by 312.8% in the 1st quarter. Sofi Wealth LLC now owns 1,983,286 shares of the company’s stock valued at $45,576,000 after purchasing an additional 1,502,814 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.