Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Hits New 12-Month Low – Time to Sell?

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $23.07 and last traded at $23.10, with a volume of 16253 shares. The stock had previously closed at $23.13.

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

The firm’s fifty day moving average price is $23.50 and its 200 day moving average price is $23.76.

Invesco National AMT-Free Municipal Bond ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be issued a dividend of $0.0662 per share. This is a boost from Invesco National AMT-Free Municipal Bond ETF’s previous dividend of $0.07. The ex-dividend date is Monday, March 24th.

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

A number of hedge funds have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new position in shares of Invesco National AMT-Free Municipal Bond ETF during the fourth quarter worth about $52,000. Realta Investment Advisors purchased a new stake in shares of Invesco National AMT-Free Municipal Bond ETF in the 4th quarter valued at approximately $68,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco National AMT-Free Municipal Bond ETF in the 3rd quarter valued at approximately $79,000. Avior Wealth Management LLC lifted its position in shares of Invesco National AMT-Free Municipal Bond ETF by 63.2% during the 4th quarter. Avior Wealth Management LLC now owns 5,912 shares of the company’s stock worth $137,000 after purchasing an additional 2,289 shares during the last quarter. Finally, TruNorth Capital Management LLC grew its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 8.3% during the fourth quarter. TruNorth Capital Management LLC now owns 6,500 shares of the company’s stock worth $153,000 after purchasing an additional 500 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.