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

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) saw an uptick in trading volume on Friday . 3,367,708 shares traded hands during trading, an increase of 106% from the previous session’s volume of 1,632,717 shares.The stock last traded at $21.9750 and had previously closed at $22.08.

Invesco National AMT-Free Municipal Bond ETF Stock Performance

The business’s 50-day moving average price is $22.80 and its 200 day moving average price is $23.10.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Capital Analysts LLC boosted its position in Invesco National AMT-Free Municipal Bond ETF by 21.3% in the 2nd quarter. Capital Analysts LLC now owns 16,139 shares of the company’s stock valued at $379,000 after buying an additional 2,831 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Invesco National AMT-Free Municipal Bond ETF by 46.4% in the second quarter. Integrated Wealth Concepts LLC now owns 381,848 shares of the company’s stock valued at $8,981,000 after purchasing an additional 121,104 shares during the last quarter. NewEdge Advisors LLC grew its stake in Invesco National AMT-Free Municipal Bond ETF by 16.0% during the 2nd quarter. NewEdge Advisors LLC now owns 724,358 shares of the company’s stock valued at $17,037,000 after purchasing an additional 100,034 shares in the last quarter. IFP Advisors Inc increased its holdings in Invesco National AMT-Free Municipal Bond ETF by 35.3% during the 2nd quarter. IFP Advisors Inc now owns 37,264 shares of the company’s stock worth $876,000 after purchasing an additional 9,724 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Invesco National AMT-Free Municipal Bond ETF by 0.6% in the second quarter. Allworth Financial LP now owns 534,858 shares of the company’s stock valued at $12,580,000 after acquiring an additional 3,273 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.