Invesco National AMT-Free Municipal Bond ETF Sees Significant Inflow
Week-Over-Week Changes Reflect Strong Investor Interest
In the latest ETF Channel analysis, the Invesco National AMT-Free Municipal Bond ETF (Symbol: PZA) stands out with a notable inflow of approximately $177.9 million. This inflow represents a 6.1% increase in outstanding units, rising from 121,200,000 to 128,600,000 over the week.
The chart below illustrates PZA’s price performance over the past year in relation to its 200-day moving average:
PZA’s share price has fluctuated between a low of $21.69 and a high of $24.29 in the past year. The last recorded trade was $23.95. Analyzing how recent prices compare to the 200-day moving average can provide insights into market trends.
Exchange-traded funds (ETFs) function similarly to stocks, but investors trade “units” instead of shares. These units can be created or destroyed in response to investor demand. Our team consistently tracks the week-over-week changes in shares outstanding to spot ETFs with substantial inflows or outflows. Newly created units imply that the ETF must purchase more underlying assets, while the destruction of units signifies selling of those holdings. Thus, significant inflows or outflows can influence the individual assets within these ETFs.
Click here to explore which 9 other ETFs have experienced notable inflows »
Additional Resources:
- Preferred Stock Screener
- Funds Holding PACW
- CPTK YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
