Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Hits New 12-Month Low – Should You Sell?

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

Invesco National AMT-Free Municipal Bond ETF Price Performance

The business has a fifty day moving average of $23.01 and a 200-day moving average of $23.18.

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. Range Advisory LLC bought a new position in Invesco National AMT-Free Municipal Bond ETF in the 2nd quarter valued at about $286,000. Concurrent Investment Advisors LLC lifted its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 35.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 223,380 shares of the company’s stock worth $5,254,000 after acquiring an additional 58,052 shares during the period. Tsfg LLC bought a new position in shares of Invesco National AMT-Free Municipal Bond ETF in the second quarter valued at approximately $226,000. First Citizens Financial Corp increased its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 32.7% during the second quarter. First Citizens Financial Corp now owns 15,934 shares of the company’s stock valued at $375,000 after acquiring an additional 3,923 shares during the period. Finally, Financial Life Advisors raised its holdings in Invesco National AMT-Free Municipal Bond ETF by 495.4% during the second quarter. Financial Life Advisors now owns 103,740 shares of the company’s stock worth $2,440,000 after purchasing an additional 86,316 shares in 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.