Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Hits New 1-Year High – Time to Buy?

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA)’s stock price hit a new 52-week high during mid-day 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 Stock Performance

The firm has a 50 day moving average of $23.31 and a 200 day moving average of $23.11.

Invesco National AMT-Free Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 23rd will be given a dividend of $0.0677 per share. The ex-dividend date of this dividend is Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 3.4%.

Institutional Inflows and Outflows

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