Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Sets New 52-Week Low – Time to Sell?

Shares of Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) hit a new 52-week low on Monday. The company traded as low as $21.27 and last traded at $21.2150, with a volume of 117924 shares trading hands. The stock had previously closed at $21.51.

Invesco National AMT-Free Municipal Bond ETF Trading Down 1.4%

The firm’s 50 day simple moving average is $22.60 and its 200-day simple moving average is $23.03.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Centennial Bank AR grew its stake in Invesco National AMT-Free Municipal Bond ETF by 204.3% during the 4th quarter. Centennial Bank AR now owns 2,030 shares of the company’s stock valued at $47,000 after acquiring an additional 1,363 shares in the last quarter. Western Wealth Management LLC purchased a new position in Invesco National AMT-Free Municipal Bond ETF in the 1st quarter worth approximately $109,000. IMG Wealth Management Inc. lifted its stake in Invesco National AMT-Free Municipal Bond ETF by 94.0% in the 1st quarter. IMG Wealth Management Inc. now owns 5,152 shares of the company’s stock worth $118,000 after purchasing an additional 2,496 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Invesco National AMT-Free Municipal Bond ETF by 826.7% in the 1st quarter. International Assets Investment Management LLC now owns 5,449 shares of the company’s stock worth $126,000 after purchasing an additional 4,861 shares in the last quarter. Finally, Signature Equity Partners LLC boosted its holdings in shares of Invesco National AMT-Free Municipal Bond ETF by 217.7% during the 1st quarter. Signature Equity Partners LLC now owns 7,638 shares of the company’s stock worth $176,000 after purchasing an additional 5,234 shares during 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.