Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Sets New 1-Year Low – What’s Next?

Shares of Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) hit a new 52-week low on Tuesday . The company traded as low as $22.03 and last traded at $22.0440, with a volume of 569147 shares trading hands. The stock had previously closed at $22.09.

Invesco National AMT-Free Municipal Bond ETF Price Performance

The company’s 50 day simple moving average is $22.88 and its 200 day simple moving average is $23.13.

Institutional Trading of Invesco National AMT-Free Municipal Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PZA. HighTower Advisors LLC increased its holdings in shares of Invesco National AMT-Free Municipal Bond ETF by 72.6% in the 4th quarter. HighTower Advisors LLC now owns 53,778 shares of the company’s stock valued at $1,247,000 after acquiring an additional 22,628 shares during the period. Connecticut Capital Management Group LLC acquired a new position in Invesco National AMT-Free Municipal Bond ETF in the fourth quarter valued at $3,545,000. Elevation Point Wealth Partners LLC raised its holdings in shares of Invesco National AMT-Free Municipal Bond ETF by 211.3% in the first quarter. Elevation Point Wealth Partners LLC now owns 178,527 shares of the company’s stock valued at $4,103,000 after buying an additional 121,187 shares during the last quarter. Affinity Capital Advisors LLC purchased a new position in shares of Invesco National AMT-Free Municipal Bond ETF during the second quarter worth about $816,000. Finally, Concurrent Investment Advisors LLC increased its position in 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 valued at $5,254,000 after acquiring an additional 58,052 shares during the period.

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.