McAdam LLC Trims Holdings in Invesco National AMT-Free Municipal Bond ETF $PZA

McAdam LLC decreased its holdings in shares of Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) by 18.5% in the third quarter, HoldingsChannel reports. The firm owned 172,883 shares of the company’s stock after selling 39,288 shares during the quarter. McAdam LLC’s holdings in Invesco National AMT-Free Municipal Bond ETF were worth $3,992,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its holdings in Invesco National AMT-Free Municipal Bond ETF by 11.0% in the second quarter. Farther Finance Advisors LLC now owns 6,901 shares of the company’s stock worth $155,000 after buying an additional 682 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Invesco National AMT-Free Municipal Bond ETF during the 3rd quarter worth approximately $502,000. Flow Traders U.S. LLC bought a new position in shares of Invesco National AMT-Free Municipal Bond ETF in the 2nd quarter worth approximately $586,000. Ascent Group LLC bought a new position in shares of Invesco National AMT-Free Municipal Bond ETF in the 3rd quarter worth approximately $734,000. Finally, IFP Advisors Inc lifted its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 696.3% in the 2nd quarter. IFP Advisors Inc now owns 3,822 shares of the company’s stock valued at $86,000 after purchasing an additional 3,342 shares during the period.

Invesco National AMT-Free Municipal Bond ETF Stock Performance

NYSEARCA PZA opened at $23.11 on Wednesday. The stock’s 50 day moving average is $23.25 and its 200 day moving average is $22.89. Invesco National AMT-Free Municipal Bond ETF has a twelve month low of $21.49 and a twelve month high of $23.79.

Invesco National AMT-Free Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th will be issued a dividend of $0.0731 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, January 20th.

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.