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

The Invesco National AMT-Free Municipal Bond ETF (Fund) is based on The ICE BofAML National 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 US. states and territories, 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 National Amt-Free Municipal Bond ETF trades on the ARCA stock market under the symbol PZA.

As of April 24, 2024, PZA stock price declined to $23.47 with 76,234 million shares trading.

PZA has a beta of 0.32, meaning it tends to be less sensitive to market movements. PZA has a correlation of 0.27 to the broad based SPY ETF.

PZA has a market cap of $2.74 billion. This is considered a Mid Cap stock.

In the last 3 years, PZA stock traded as high as $27.51 and as low as $21.65.

PZA has underperformed the market in the last year with a return of +3.3%, while the SPY ETF gained +24.5%. In the last 3 month period, PZA fell short of the market, returning -0.5%, while SPY returned +4.7%. However, in the most recent 2 weeks PZA has outperformed the stock market by returning -0.5%, while SPY returned -2.5%.

PZA support price is $23.41 and resistance is $23.59 (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 PZA stock will trade within this expected range on the day.