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 November 13, 2026, PZA stock price declined to $22.12 with 2,450,924 million shares trading.

PZA has a beta of 0.06, meaning it tends to be less sensitive to market movements. PZA has a correlation of 0.02 to the broad based SPY ETF.

PZA has a market cap of $4.06 billion. This is considered a Mid Cap stock.

In the last 3 years, PZA traded as high as $24.34 and as low as $21.07.

PZA has underperformed the market in the last year with a return of -1.3%, while the SPY ETF gained +13.4%. In the last 3 month period, PZA fell short of the market, returning -3.3%, while SPY returned -2.8%. However, in the most recent 2 weeks PZA has outperformed the stock market by returning +0.5%, while SPY returned -0.2%.

PZA support price is $22.04 and resistance is $22.28 (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 shares will trade within this expected range on the day.