Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Hits New 1-Year Low – Time to Sell?

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZAGet Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $20.19 and last traded at $20.19, with a volume of 210 shares changing hands. The stock had previously closed at $22.82.

Invesco National AMT-Free Municipal Bond ETF Price Performance

The company’s 50-day moving average is $23.21 and its 200 day moving average is $23.24.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 3,380.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 516,983 shares of the company’s stock worth $11,911,000 after acquiring an additional 502,129 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 196.7% during the second quarter. Qube Research & Technologies Ltd now owns 18,768 shares of the company’s stock worth $420,000 after purchasing an additional 12,443 shares in the last quarter. Main Street Financial Solutions LLC raised its position in shares of Invesco National AMT-Free Municipal Bond ETF by 3.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 50,013 shares of the company’s stock worth $1,120,000 after purchasing an additional 1,720 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Invesco National AMT-Free Municipal Bond ETF by 14.4% during the 2nd quarter. Raymond James Financial Inc. now owns 662,725 shares of the company’s stock worth $14,838,000 after purchasing an additional 83,346 shares during the last quarter. Finally, Great Valley Advisor Group Inc. purchased a new position in Invesco National AMT-Free Municipal Bond ETF in the 2nd quarter valued at about $231,000.

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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