Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Reaches New 12-Month High – Still a Buy?

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA)’s stock price reached a new 52-week high on Friday . The stock traded as high as $24.34 and last traded at $24.25, with a volume of 28694 shares changing hands. The stock had previously closed at $24.21.

Invesco National AMT-Free Municipal Bond ETF Trading Up 0.2 %

The business has a 50-day moving average of $23.94 and a 200-day moving average of $23.89.

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

Several hedge funds have recently bought and sold shares of the business. Cliftonlarsonallen Wealth Advisors LLC grew its holdings in Invesco National AMT-Free Municipal Bond ETF by 6.5% during the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,525,514 shares of the company’s stock valued at $60,991,000 after purchasing an additional 155,198 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Invesco National AMT-Free Municipal Bond ETF by 19.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,049,560 shares of the company’s stock valued at $48,534,000 after buying an additional 340,574 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in Invesco National AMT-Free Municipal Bond ETF by 0.6% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,313,420 shares of the company’s stock worth $31,719,000 after acquiring an additional 7,250 shares during the period. Bank of New York Mellon Corp lifted its position in Invesco National AMT-Free Municipal Bond ETF by 19.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,206,546 shares of the company’s stock worth $28,571,000 after acquiring an additional 195,202 shares during the last quarter. Finally, 1900 Wealth Management LLC boosted its holdings in Invesco National AMT-Free Municipal Bond ETF by 13.5% during the third quarter. 1900 Wealth Management LLC now owns 852,161 shares of the company’s stock valued at $20,307,000 after acquiring an additional 101,056 shares during the period.

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.