Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Sees Large Volume Increase – Should You Buy?

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) saw an uptick in trading volume on Wednesday . 6,751,995 shares traded hands during trading, an increase of 353% from the previous session’s volume of 1,492,149 shares.The stock last traded at $23.2850 and had previously closed at $23.22.

Invesco National AMT-Free Municipal Bond ETF Price Performance

The stock has a 50-day moving average of $23.24 and a 200 day moving average of $22.92.

Invesco National AMT-Free Municipal Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were paid a $0.0731 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

Institutional Trading of Invesco National AMT-Free Municipal Bond ETF

Hedge funds have recently bought and sold shares of the business. MAI Capital Management acquired a new stake in shares of Invesco National AMT-Free Municipal Bond ETF during the second quarter valued at about $32,000. Blair William & Co. IL increased its holdings in shares of Invesco National AMT-Free Municipal Bond ETF by 795.2% in the 3rd quarter. Blair William & Co. IL now owns 1,486 shares of the company’s stock valued at $34,000 after acquiring an additional 1,320 shares during the last quarter. United Financial Planning Group LLC purchased a new stake in shares of Invesco National AMT-Free Municipal Bond ETF during the 3rd quarter worth approximately $52,000. Westside Investment Management Inc. acquired a new position in Invesco National AMT-Free Municipal Bond ETF in the second quarter valued at $56,000. Finally, CWM LLC lifted its stake in Invesco National AMT-Free Municipal Bond ETF by 639.3% in the third quarter. CWM LLC now owns 2,580 shares of the company’s stock valued at $60,000 after buying an additional 2,231 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.