MAM
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MMA Asset Management’s Invesco National AMT-Free Municipal Bond ETF PZA Stock Holding History

MMA Asset Management’s Portfolio PZA Stock Details PZA Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q4 		– Sell
-29,208
Closed -$674K – 269
2025
Q3 		$674K Sell
29,208
-6,660
-19% -$149K 0.23% 86
2025
Q2 		$803K Sell
35,868
-1,040
-3% -$23.4K 0.31% 69
2025
Q1 		$850K Hold
36,908
– – 0.36% 52
2024
Q4 		$871K Sell
36,908
-26,418
-42% -$631K 0.38% 49
2024
Q3 		$1.48M Buy
63,326
+31,706
+100% +$760K 0.39% 45
2024
Q2 		$749K Buy
31,620
+1,777
+6% +$42K 0.35% 54
2024
Q1 		$708K Buy
29,843
+4,042
+16% +$96.8K 0.33% 58
2023
Q4 		$624K Sell
25,801
-708
-3% -$16.2K 0.33% 59
2023
Q3 		$587K Sell
26,509
-1,152
-4% -$26.7K 0.34% 55
2023
Q2 		$653K Sell
27,661
-1,901
-6% -$44.8K 0.38% 56
2023
Q1 		$700K Buy
29,562
+4,134
+16% +$97.3K 0.5% 38
2022
Q4 		$583K Hold
25,428
– – 0.48% 40
2022
Q3 		$561K Buy
25,428
+3,213
+14% +$75.4K 0.48% 41
2022
Q2 		$521K Hold
22,215
– – 0.45% 46
2022
Q1 		$520K Buy
22,215
+6,344
+40% +$165K 0.41% 47
2021
Q4 		$430K Hold
15,871
– – 0.3% 52
2021
Q3 		$426K Buy
15,871
+2,436
+18% +$66.4K 0.33% 50
2021
Q2 		$366K Hold
13,435
– – 0.28% 51
2021
Q1 		$360K Buy
13,435
+1,574
+13% +$42.4K 0.31% 52
2020
Q4 		$322K Buy
+11,861
New +$317K 0.31% 56

Other funds holding PZA

Bank of America
Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors Minneapolis, Minnesota $7.61B AUM 16.44% 1-Year Est. Return
RBA
Richard Bernstein Advisors New York $3.45B AUM 16.24% 1-Year Est. Return
LPL Financial
LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return
Envestnet Asset Management
Envestnet Asset Management Chicago, Illinois $424B AUM 22.96% 1-Year Est. Return
Bank of New York Mellon
Bank of New York Mellon New York $609B AUM 40.19% 1-Year Est. Return
Jane Street
Jane Street New York $1.21T AUM 78.12% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return
UBS Group
UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management Milwaukee, Wisconsin $187B AUM 21.7% 1-Year Est. Return

MMA Asset Management's PZA Position: Q4 2025 in Review

MMA Asset Management sold out of Invesco National AMT-Free Municipal Bond ETF (PZA) in Q4 2025, closing a stake of 29,208 shares — an estimated $674K sold.

MMA Asset Management first reported a position in PZA in Q4 2020 and held it in 20 quarters. The position peaked at $1.48M in Q3 2024. 268 funds tracked by Wall St. Rank hold PZA as of Q4 2025.

  • MMA Asset Management reported no remaining Invesco National AMT-Free Municipal Bond ETF position as of Q4 2025 after selling out during the quarter.
  • MMA Asset Management sold 29,208 Invesco National AMT-Free Municipal Bond ETF shares in Q4 2025, an estimated $674K.
  • MMA Asset Management first reported a position in Invesco National AMT-Free Municipal Bond ETF in Q4 2020 and held it in 20 quarters.
  • MMA Asset Management's Invesco National AMT-Free Municipal Bond ETF position peaked at $1.48M in Q3 2024.
  • 268 funds tracked by Wall St. Rank held Invesco National AMT-Free Municipal Bond ETF as of Q4 2025.

Based on MMA Asset Management's 13F filing for Q4 2025, filed 3 Feb 2026.