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:PZAGet Free Report) saw an uptick in trading volume on Wednesday . Approximately 4,006,436 shares changed hands during mid-day trading, an increase of 169% from the previous session’s volume of 1,486,686 shares.The stock last traded at $22.88 and had previously closed at $22.83.

Invesco National AMT-Free Municipal Bond ETF Stock Performance

The company’s 50 day moving average price is $23.24 and its two-hundred day moving average price is $23.25.

Institutional Investors Weigh In On Invesco National AMT-Free Municipal Bond ETF

Hedge funds have recently made changes to their positions in the company. Ocean Park Asset Management LLC purchased a new position in shares of Invesco National AMT-Free Municipal Bond ETF during the second quarter valued at $2,895,000. Wealthcare Advisory Partners LLC lifted its stake in Invesco National AMT-Free Municipal Bond ETF by 9.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 28,603 shares of the company’s stock worth $673,000 after acquiring an additional 2,563 shares during the period. Melone Private Wealth LLC grew its holdings in Invesco National AMT-Free Municipal Bond ETF by 14.6% during the 2nd quarter. Melone Private Wealth LLC now owns 17,314 shares of the company’s stock worth $407,000 after acquiring an additional 2,209 shares in the last quarter. Sax Wealth Advisors LLC purchased a new position in Invesco National AMT-Free Municipal Bond ETF during the 2nd quarter valued at about $600,000. Finally, Affinity Capital Advisors LLC purchased a new position in Invesco National AMT-Free Municipal Bond ETF during the 2nd quarter valued at about $816,000.

About Invesco National AMT-Free Municipal Bond ETF

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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.

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