PZA icon

Invesco National AMT-Free Municipal Bond ETF
PZA

Overview Fund Activity
23.15 USD
+0.01
0.04%
At close Updated Sep 18, 4:00 PM EDT
1 day
0.04%
5 days
0.78%
1 month
4.66%
3 months
3.63%
6 months
-0.52%
Year to date
-2.36%
1 year
-3.94%
5 years
-13.43%
10 years
-7.29%
0
Funds holding %
of 7,463 funds
–
Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

42% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 24

4% more funds holding

Funds holding: 212 [Q1] → 221 (+9) [Q2]

2.66% less ownership

Funds ownership: 69.75% [Q1] → 67.09% (-2.66%) [Q2]

8% less capital invested

Capital invested by funds: $2.07B [Q1] → $1.91B (-$169M) [Q2]

17% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 84

100% less funds holding in top 10

Funds holding in top 10: 2 [Q1] → 0 (-2) [Q2]

See Fund Rankings

Financial journalist opinion

Neutral
Seeking Alpha
8 days ago
PZA - Wholly Sensible But The Results Are Disappointing
PZA offers low credit risk and tax-free income by holding long-term, diversified municipal bonds, but exposes investors to significant interest rate risk. The fund's 0.28% management fee is in line with peers, but its broad index-tracking approach limits yield potential compared to more selective muni funds. Current yield (TTM) of 3.5% is unexciting, especially when compared to taxable alternatives like FLOT, unless you're in a high tax bracket.
PZA - Wholly Sensible But The Results Are Disappointing
Positive
Seeking Alpha
1 month ago
Pizza Pizza Royalty: This Royalty Fund Keeps The Dough Rolling In
Pizza Pizza Royalty has delivered a 23%+ total return since my initial recommendation, far outpacing the S&P 500 and Boston Pizza. Despite macro headwinds and softening discretionary spending in Canada, same-store sales and value-driven promotions continue to drive resilient royalty growth. Expansion in Mexico is accelerating, providing a new growth lever alongside steady 2-3% footprint growth in Canada.
Pizza Pizza Royalty: This Royalty Fund Keeps The Dough Rolling In
Positive
ETF Trends
10 months ago
These 4 Invesco Fixed Income ETFs Seeing Strong Investor Interest
Investors are changing allocations to fixed income ETFs to capture the greatest yield with the most attractive risk. The beginning of a rate-cutting cycle has historically tended to signal an important shift in the market environment for investors.
These 4 Invesco Fixed Income ETFs Seeing Strong Investor Interest
Neutral
ETF Trends
11 months ago
Tax-Loss Harvesting Opportunities in 2024
Tax-loss harvesting can be a useful tool for investors when a portfolio experiences capital loss. Several market segments have produced negative returns in 2024, creating tax-loss harvesting opportunities.
Tax-Loss Harvesting Opportunities in 2024
Positive
Seeking Alpha
1 year ago
U.S. Weekly FundFlows Insight Report: Equity ETFs Attract Largest Weekly Net Inflows Since Dec. 20, 2023 For Fund Flows Week
U.S. Weekly FundFlows Insight Report: Equity ETFs Attract Largest Weekly Net Inflows Since Dec. 20, 2023 For Fund Flows Week
Negative
Seeking Alpha
1 year ago
U.S. Weekly FundFlows Insight Report: Equity ETFs Suffer First Weekly Redemption In 15 Weeks - Conventional Equity Funds Witness Their Hundredth Week Of Net Redemptions
U.S. Weekly FundFlows Insight Report: Equity ETFs Suffer First Weekly Redemption In 15 Weeks - Conventional Equity Funds Witness Their Hundredth Week Of Net Redemptions
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