Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Sees Large Volume Increase – What’s Next?

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) saw unusually-strong trading volume on Wednesday . Approximately 6,751,995 shares changed 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 Stock Up 0.3%

The stock has a fifty day simple moving average of $23.24 and a 200 day simple moving average of $22.92.

Invesco National AMT-Free Municipal Bond ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PZA. Goldman Sachs Group Inc. grew its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 3,380.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 516,983 shares of the company’s stock valued at $11,911,000 after acquiring an additional 502,129 shares during the period. Farther Finance Advisors LLC lifted its holdings in Invesco National AMT-Free Municipal Bond ETF by 11.0% during the second quarter. Farther Finance Advisors LLC now owns 6,901 shares of the company’s stock valued at $155,000 after purchasing an additional 682 shares in the last quarter. Northeast Financial Group Inc. boosted its position in shares of Invesco National AMT-Free Municipal Bond ETF by 25.3% in the second quarter. Northeast Financial Group Inc. now owns 77,662 shares of the company’s stock worth $1,739,000 after purchasing an additional 15,662 shares during the period. Cliftonlarsonallen Wealth Advisors LLC raised its position in shares of Invesco National AMT-Free Municipal Bond ETF by 5.3% during the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,896,663 shares of the company’s stock valued at $87,246,000 after purchasing an additional 196,614 shares during the period. Finally, Rochester Wealth Strategies LLC lifted its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 3.1% during the 2nd quarter. Rochester Wealth Strategies LLC now owns 88,082 shares of the company’s stock valued at $1,972,000 after buying an additional 2,616 shares in 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.