Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Reaches New 52-Week Low – Time to Sell?

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) shares hit a new 52-week low during trading on Thursday . The company traded as low as $23.16 and last traded at $23.19, with a volume of 486963 shares trading hands. The stock had previously closed at $23.30.

Invesco National AMT-Free Municipal Bond ETF Price Performance

The company’s 50 day simple moving average is $23.55 and its two-hundred day simple moving average is $23.80.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 9.3% in the third quarter. JPMorgan Chase & Co. now owns 506,910 shares of the company’s stock worth $12,242,000 after buying an additional 43,206 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in Invesco National AMT-Free Municipal Bond ETF during the 4th quarter worth $212,000. Avior Wealth Management LLC boosted its holdings in Invesco National AMT-Free Municipal Bond ETF by 63.2% during the fourth quarter. Avior Wealth Management LLC now owns 5,912 shares of the company’s stock valued at $137,000 after acquiring an additional 2,289 shares during the period. FMR LLC grew its position in shares of Invesco National AMT-Free Municipal Bond ETF by 66.9% in the third quarter. FMR LLC now owns 6,868 shares of the company’s stock valued at $166,000 after purchasing an additional 2,752 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Invesco National AMT-Free Municipal Bond ETF by 12.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,537,730 shares of the company’s stock valued at $36,306,000 after purchasing an additional 169,495 shares during the last quarter.

Invesco National AMT-Free Municipal Bond ETF Company Profile

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.