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

Shares of Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) saw strong trading volume on Thursday. Approximately 5,025,068 shares changed hands during trading, an increase of 168% from the previous session’s volume of 1,873,791 shares. The stock last traded at $21.1130 and had previously closed at $21.15.

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

The business has a 50-day moving average price of $22.34 and a two-hundred day moving average price of $22.92.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PZA. Avidian Wealth Enterprises LLC bought a new stake in shares of Invesco National AMT-Free Municipal Bond ETF during the third quarter worth about $13,795,000. MassMutual Private Wealth & Trust FSB acquired a new position in Invesco National AMT-Free Municipal Bond ETF during the 3rd quarter valued at about $80,000. Envestnet Portfolio Solutions Inc. increased its holdings in Invesco National AMT-Free Municipal Bond ETF by 36.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 50,108 shares of the company’s stock worth $1,179,000 after purchasing an additional 13,450 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 9.4% in the second quarter. Envestnet Asset Management Inc. now owns 5,299,957 shares of the company’s stock worth $124,655,000 after purchasing an additional 455,430 shares during the last quarter. Finally, Capital Analysts LLC raised its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 21.3% in the second quarter. Capital Analysts LLC now owns 16,139 shares of the company’s stock worth $379,000 after purchasing an additional 2,831 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.