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 May 3, 2024, PZA stock price climbed to $23.59 with 473,222 million shares trading.

PZA has a beta of 0.30, meaning it tends to be less sensitive to market movements. PZA has a correlation of 0.26 to the broad based SPY ETF.

PZA has a market cap of $2.78 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 price return of +2.9% while the SPY ETF gained +27.0%. PZA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.9% and +0.8%, respectively, while the SPY returned +3.7% and +3.3%, respectively.

PZA support price is $23.43 and resistance is $23.61 (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.