PWZ Stock Summary and Trading Ideas (Invesco California Amt-Free Municipal Bond ETF | ARCA:PWZ)

The Invesco California AMT-Free Municipal Bond ETF (Fund) is based on the ICE BofAML California Long-Term Core Plus Municipal Securities Index (Index). The Fund generally will invest at least 80% of its total assets in municipal securities that comprise the Index and that also are exempt from the federal alternative minimum tax. The Index is composed of US dollar-denominated, investment grade, tax-exempt debt publicly issued by California or any US territory, or their political subdivisions, in the US domestic market with a term of at least 15 years remaining to final maturity. The Index is adjusted monthly and its constituents are capitalization-weighted based on their current amount outstanding. The Fund and the Index are rebalanced and reconstituted monthly.

Invesco California Amt-Free Municipal Bond ETF trades on the ARCA stock market under the symbol PWZ.

As of July 23, 2026, PWZ stock price declined to $23.88 with 532,669 million shares trading.

PWZ has a beta of 0.10, meaning it tends to be less sensitive to market movements. PWZ has a correlation of 0.07 to the broad based SPY ETF.

PWZ has a market cap of $1.14 billion. This is considered a Small Cap stock.

In the last 3 years, PWZ traded as high as $25.49 and as low as $22.23.

PWZ has underperformed the market in the last year with a price return of +8.5% while the SPY ETF gained +18.6%. PWZ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.8% and -1.9%, respectively, while the SPY returned +4.1% and -1.0%, respectively.

PWZ support price is $24.01 and resistance is $24.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PWZ shares will trade within this expected range on the day.