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 October 23, 2026, PWZ stock price climbed to $22.97 with 674,191 million shares trading.

PWZ has a beta of 0.14, meaning it tends to be less sensitive to market movements. PWZ has a correlation of 0.09 to the broad based SPY ETF.

PWZ has a market cap of $1.20 billion. This is considered a Small Cap stock.

In the last 3 years, PWZ traded as high as $25.49 and as low as $22.03.

PWZ has underperformed the market in the last year with a return of -1.8%, while the SPY ETF gained +14.3%. In the last 3 month period, PWZ fell short of the market, returning -2.8%, while SPY returned +3.2%. However, in the most recent 2 weeks PWZ has outperformed the stock market by returning +3.5%, while SPY returned -2.4%.

PWZ support price is $22.73 and resistance is $23.01 (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.