10-Apr-2026
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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 10, 2026, PZA stock price declined to $23.26 with 963,375 million shares trading.
PZA has a beta of 0.15, meaning it tends to be less sensitive to market movements. PZA has a correlation of 0.12 to the broad based SPY ETF.
PZA has a market cap of $3.94 billion. This is considered a Mid Cap stock.
In the last 3 years, PZA traded as high as $24.34 and as low as $21.49.
PZA has underperformed the market in the last year with a price return of +6.9% while the SPY ETF gained +30.9%. However, in the short term, PZA had mixed performance relative to the market. It has outperformed in the last 3 months, returning +0.6% vs -1.8% return in SPY. But in the last 2 weeks, PZA shares have been beat by the market, returning +2.0% compared to an SPY return of +7.2%.
PZA support price is $23.20 and resistance is $23.42 (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.
