Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Sets New 52-Week High – What’s Next?

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) shares reached a new 52-week high during trading on Friday . The company traded as high as $24.35 and last traded at $23.6250, with a volume of 101 shares trading hands. The stock had previously closed at $23.59.

Invesco National AMT-Free Municipal Bond ETF Trading Up 0.0%

The stock has a 50 day moving average of $23.32 and a 200-day moving average of $23.13.

Invesco National AMT-Free Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were issued a $0.0677 dividend. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, February 23rd.

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

Several institutional investors and hedge funds have recently modified their holdings of PZA. Goldman Sachs Group Inc. grew its holdings in Invesco National AMT-Free Municipal Bond ETF by 3,380.4% during the first quarter. Goldman Sachs Group Inc. now owns 516,983 shares of the company’s stock worth $11,911,000 after acquiring an additional 502,129 shares during the period. Envestnet Asset Management Inc. boosted its position in Invesco National AMT-Free Municipal Bond ETF by 19.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,936,261 shares of the company’s stock worth $43,353,000 after purchasing an additional 318,090 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Invesco National AMT-Free Municipal Bond ETF in the 2nd quarter worth approximately $699,000. World Investment Advisors acquired a new stake in shares of Invesco National AMT-Free Municipal Bond ETF during the 2nd quarter worth approximately $728,000. Finally, Spire Wealth Management increased its holdings in shares of Invesco National AMT-Free Municipal Bond ETF by 12.9% during the 2nd quarter. Spire Wealth Management now owns 82,315 shares of the company’s stock valued at $1,843,000 after purchasing an additional 9,411 shares in 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.