Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Sees Large Volume Increase – Here’s Why

Shares of Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) saw an uptick in trading volume on Monday . 2,254,189 shares were traded during mid-day trading, an increase of 191% from the previous session’s volume of 774,809 shares.The stock last traded at $23.48 and had previously closed at $23.46.

Invesco National AMT-Free Municipal Bond ETF Price Performance

The company’s fifty day moving average is $23.56 and its 200-day moving average is $23.81.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PZA. Farther Finance Advisors LLC increased its holdings in shares of Invesco National AMT-Free Municipal Bond ETF by 7,888.7% during the third quarter. Farther Finance Advisors LLC now owns 4,234 shares of the company’s stock valued at $102,000 after acquiring an additional 4,181 shares in the last quarter. 1900 Wealth Management LLC lifted its position in Invesco National AMT-Free Municipal Bond ETF by 13.5% during the 3rd quarter. 1900 Wealth Management LLC now owns 852,161 shares of the company’s stock worth $20,307,000 after acquiring an additional 101,056 shares during the period. Main Street Financial Solutions LLC grew its stake in Invesco National AMT-Free Municipal Bond ETF by 17.7% during the 3rd quarter. Main Street Financial Solutions LLC now owns 33,966 shares of the company’s stock valued at $820,000 after purchasing an additional 5,102 shares during the last quarter. Northeast Financial Group Inc. increased its holdings in shares of Invesco National AMT-Free Municipal Bond ETF by 29.9% in the third quarter. Northeast Financial Group Inc. now owns 48,899 shares of the company’s stock valued at $1,181,000 after purchasing an additional 11,266 shares during the period. Finally, Meeder Advisory Services Inc. raised its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 14.9% in the third quarter. Meeder Advisory Services Inc. now owns 192,967 shares of the company’s stock worth $4,660,000 after purchasing an additional 25,031 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.