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

Shares of Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) saw strong trading volume on Tuesday . 5,900,287 shares traded hands during trading, an increase of 404% from the previous session’s volume of 1,169,610 shares.The stock last traded at $23.3250 and had previously closed at $23.32.

Invesco National AMT-Free Municipal Bond ETF Stock Down 0.0%

The company’s 50 day simple moving average is $23.25 and its 200 day simple moving average is $22.85.

Institutional Trading of Invesco National AMT-Free Municipal Bond ETF

Institutional investors have recently made changes to their positions in the business. Bank of America Corp DE grew its stake in Invesco National AMT-Free Municipal Bond ETF by 13.9% in the third quarter. Bank of America Corp DE now owns 52,945,741 shares of the company’s stock valued at $1,222,517,000 after purchasing an additional 6,454,954 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Invesco National AMT-Free Municipal Bond ETF in the 3rd quarter valued at approximately $117,200,000. Cliftonlarsonallen Wealth Advisors LLC grew its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 6.5% in the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 4,148,197 shares of the company’s stock valued at $95,782,000 after buying an additional 251,534 shares in the last quarter. Richard Bernstein Advisors LLC bought a new position in shares of Invesco National AMT-Free Municipal Bond ETF in the third quarter valued at $71,305,000. Finally, Envestnet Asset Management Inc. increased its holdings in Invesco National AMT-Free Municipal Bond ETF by 42.7% during the third quarter. Envestnet Asset Management Inc. now owns 2,763,992 shares of the company’s stock worth $63,821,000 after buying an additional 827,731 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.