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

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $23.07 and last traded at $23.10, with a volume of 16253 shares. The stock had previously closed at $23.13.

Invesco National AMT-Free Municipal Bond ETF Price Performance

The business has a fifty day simple moving average of $23.50 and a 200 day simple moving average of $23.76.

Invesco National AMT-Free Municipal Bond ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be paid a $0.0662 dividend. This is a boost from Invesco National AMT-Free Municipal Bond ETF’s previous dividend of $0.07. The ex-dividend date of this dividend is Monday, March 24th.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Meridian Wealth Management LLC raised its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 13.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 10,550 shares of the company’s stock worth $255,000 after buying an additional 1,250 shares during the last quarter. FMR LLC increased its holdings in Invesco National AMT-Free Municipal Bond ETF by 66.9% during the 3rd quarter. FMR LLC now owns 6,868 shares of the company’s stock valued at $166,000 after acquiring an additional 2,752 shares in the last quarter. Townsquare Capital LLC raised its position in Invesco National AMT-Free Municipal Bond ETF by 19.5% during the third quarter. Townsquare Capital LLC now owns 25,826 shares of the company’s stock worth $624,000 after acquiring an additional 4,207 shares during the last quarter. Kolinsky Wealth Management LLC purchased a new stake in shares of Invesco National AMT-Free Municipal Bond ETF in the third quarter valued at about $413,000. Finally, Integrated Wealth Concepts LLC grew its position in shares of Invesco National AMT-Free Municipal Bond ETF by 16.7% in the third quarter. Integrated Wealth Concepts LLC now owns 64,641 shares of the company’s stock valued at $1,561,000 after purchasing an additional 9,268 shares during the last quarter.

About Invesco National AMT-Free Municipal Bond ETF

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.