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Invesco National AMT-Free Municipal Bond ETF (PZA)

Muni National Long | Exchange Traded Fund | NYSEArca
23.41 USD +0.11 (0.472%) ⇧ (April 17, 2026, 4 p.m. EDT)
After hours: 23.41
Short-term: ★★★☆☆ | Long-term: ★★★★★ | Dividends: ★★★★★
Hot Take | April 11, 2026, 4:20 p.m. EDT

PZA appears to be a strong long-term investment with a consistent dividend yield and a solid track record. The recent price action shows some volatility but remains within a tight range, suggesting stability. The options data indicates mixed signals, with both bullish and bearish positions, but the overall trend seems to favor a cautious bullish stance. Given the strong fundamentals and consistent dividends, PZA could be a good buy for long-term investors, especially with the recent dip offering an opportunity to purchase at a lower price.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.009563
MSTL0.009616
AutoETS0.010190
AutoARIMA0.010564

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 79%
H-stat 0.74
Ljung-Box p 0.000
Jarque-Bera p 0.208
Excess Kurtosis 0.37

As of April 11, 2026, 4:20 p.m. EDT: The options data suggests a mixed sentiment. For the April 17 expiration, there's significant open interest and volume in the 23.0 strike call, indicating potential bullish sentiment, while the 21.0 strike call shows high volume and open interest, suggesting a possible bearish or speculative move. In the puts, the 25.0 strike has high volume and open interest, indicating some bearish positioning. For the July 17 expiration, the 24.0 strike put has high volume, suggesting a possible bearish outlook. The October 16 expiration shows a high open interest in the 23.0 strike put, which could signal a defensive stance. Overall, the market seems to be cautiously optimistic with some bearish undertones.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.31% 3.75% 3.51% 3.21%
Dividend History
Date Dividend Yield %
2026-03-23 0.071 0.309908
2026-02-23 0.068 0.290879
2026-01-20 0.073 0.317780
2025-12-22 0.080 0.348742
2025-11-24 0.071 0.308843
2025-10-20 0.070 0.304116
2025-09-22 0.068 0.300296
2025-08-18 0.069 0.318734
2025-07-21 0.069 0.322057
2025-06-23 0.067 0.308097
2025-05-19 0.068 0.310579
2025-04-21 0.067 0.311624
2025-03-24 0.066 0.294895
2025-02-24 0.063 0.277510
2025-01-21 0.065 0.289041
2024-12-23 0.064 0.284053
2024-11-18 0.062 0.272571
2024-10-21 0.065 0.285905
2024-09-23 0.065 0.284893
2024-08-19 0.062 0.274302
2024-07-22 0.067 0.298439
2024-06-24 0.066 0.294812
2024-05-20 0.064 0.288609
2024-04-22 0.063 0.286565
2024-03-18 0.063 0.282525
2024-02-20 0.059 0.265392
2024-01-22 0.062 0.280047
2023-12-18 0.064 0.288747
2023-11-20 0.062 0.292951
2023-10-23 0.058 0.289579
2023-09-18 0.054 0.257086
2023-08-21 0.060 0.285081
2023-07-24 0.059 0.271828
2023-06-20 0.059 0.274119
2023-05-22 0.059 0.280265
2023-04-24 0.059 0.275504
2023-03-20 0.058 0.274069
2023-02-21 0.057 0.274229
2023-01-23 0.056 0.260906
2022-12-19 0.056 0.267578
2022-11-21 0.054 0.263732
2022-10-24 0.052 0.266949
2022-09-19 0.052 0.256400
2022-08-22 0.051 0.242244
2022-07-18 0.051 0.241643
2022-06-21 0.051 0.252020
2022-05-23 0.050 0.242217
2022-04-18 0.050 0.233249
2022-03-21 0.050 0.225652
2022-02-22 0.050 0.219725
2022-01-24 0.050 0.214921
2021-12-20 0.051 0.215091
2021-11-22 0.052 0.220781
2021-10-18 0.052 0.222528
2021-08-23 0.052 0.219519
2021-07-19 0.053 0.222209
2021-06-21 0.053 0.224518
2021-05-24 0.054 0.230299
2021-04-19 0.053 0.227071
2021-03-22 0.054 0.235114
2021-02-22 0.053 0.230278
2021-01-19 0.055 0.237045
2020-12-21 0.054 0.232606
2020-11-23 0.053 0.230284
2020-10-19 0.052 0.230842
2020-09-21 0.051 0.224132
2020-08-24 0.041 0.179321
2020-07-20 0.053 0.232851
2020-06-22 0.059 0.262366
2020-05-18 0.061 0.276761
2020-04-20 0.059 0.269866
2020-03-23 0.058 0.299768
2020-02-24 0.058 0.253665
2020-01-21 0.061 0.272864
2019-12-23 0.060 0.271650
2019-11-18 0.060 0.273404
2019-10-21 0.062 0.282304
2019-09-23 0.062 0.281792
2019-08-19 0.053 0.239554
2019-07-22 0.060 0.277227
2019-06-24 0.061 0.283576
2019-05-20 0.062 0.290234
2019-04-22 0.066 0.315155
2019-03-18 0.065 0.314010
2019-02-19 0.065 0.316695
2019-01-22 0.066 0.325114
2018-12-24 0.063 0.311156
2018-11-19 0.067 0.336335
2018-10-22 0.068 0.344105
2018-09-24 0.067 0.336413
2018-08-20 0.065 0.321788
2018-07-23 0.067 0.332548
2018-06-18 0.067 0.333434
2018-05-21 0.066 0.331441
2018-04-23 0.067 0.336679
2018-03-19 0.067 0.337579
2018-02-20 0.065 0.328509
2018-01-22 0.066 0.328134
2017-12-18 0.064 0.317148
2017-11-20 0.068 0.338732
2017-10-23 0.064 0.319030
2017-09-18 0.065 0.325585
2017-08-15 0.066 0.331174
2017-07-14 0.066 0.334115
2017-06-15 0.066 0.333673
2017-05-15 0.067 0.344457
2017-04-13 0.069 0.355120
2017-03-15 0.064 0.335746
2017-02-15 0.063 0.330821
2017-01-13 0.063 0.327051
2016-12-15 0.063 0.336822
2016-11-15 0.063 0.332666
2016-10-14 0.061 0.312137
2016-09-15 0.062 0.314342
2016-08-15 0.063 0.318948
2016-07-15 0.066 0.332397
2016-06-15 0.068 0.343717
2016-05-13 0.068 0.347908
2016-04-15 0.071 0.366314
2016-03-15 0.070 0.369265
2016-02-12 0.073 0.381794
2016-01-15 0.075 0.394442
2015-12-15 0.079 0.421460
2015-11-13 0.077 0.416836
2015-10-15 0.069 0.373633
2015-09-15 0.075 0.412820
2015-08-14 0.078 0.425649
2015-07-15 0.077 0.426945
2015-06-15 0.075 0.416977
2015-05-15 0.076 0.420763
2015-04-15 0.076 0.414083
2015-03-13 0.077 0.422613
2015-02-13 0.079 0.434737
2015-01-15 0.078 0.422729
2014-12-15 0.082 0.453845
2014-11-14 0.082 0.459480
2014-10-15 0.077 0.425920
2014-09-15 0.077 0.437843
2014-08-15 0.082 0.466781
2014-07-15 0.084 0.486167
2014-06-13 0.085 0.496456
2014-05-15 0.087 0.507005
2014-04-15 0.086 0.510832
2014-03-14 0.089 0.536724
2014-02-14 0.088 0.540332
2014-01-15 0.088 0.547443
2013-12-13 0.086 0.544454
2013-11-15 0.087 0.551647
2013-10-15 0.082 0.530147
2013-09-13 0.081 0.529981
2013-08-15 0.082 0.532328
2013-07-15 0.084 0.531678
2013-06-14 0.079 0.488521
2013-05-15 0.078 0.457766
2013-04-15 0.078 0.458625
2013-03-15 0.078 0.465304
2013-02-15 0.080 0.471433
2013-01-15 0.084 0.492139
2012-12-14 0.084 0.495267
2012-11-15 0.089 0.519405
2012-10-15 0.081 0.481880
2012-09-14 0.082 0.497476
2012-08-15 0.085 0.515507
2012-07-13 0.090 0.546791
2012-06-15 0.090 0.555043
2012-05-15 0.091 0.560328
2012-04-13 0.091 0.570911
2012-03-15 0.092 0.585409
2012-02-15 0.092 0.578667
2012-01-13 0.092 0.582189
2011-12-15 0.087 0.569216
2011-11-15 0.087 0.579380
2011-10-14 0.086 0.574319
2011-09-15 0.090 0.601188
2011-08-15 0.092 0.619942
2011-07-15 0.092 0.639190
2011-06-15 0.093 0.649807
2011-05-13 0.094 0.662561
2011-04-15 0.093 0.681779
2011-03-15 0.094 0.687679
2011-02-15 0.094 0.703408
2011-01-14 0.095 0.734934
2010-12-15 0.108 0.814082
2010-11-15 0.082 0.589367
2010-10-15 0.084 0.578278
2010-09-15 0.087 0.599264
2010-08-13 0.088 0.614335
2010-07-15 0.090 0.638495
2010-06-15 0.092 0.658443
2010-05-14 0.094 0.672811
2010-04-15 0.094 0.681166
2010-03-15 0.098 0.712671
2010-02-12 0.093 0.678531
2010-01-15 0.094 0.687359
2009-12-15 0.095 0.700666
2009-11-13 0.096 0.716947
2009-10-15 0.096 0.707506
2009-09-15 0.097 0.720483
2009-08-14 0.099 0.773154
2009-07-15 0.092 0.726116
2009-06-15 0.092 0.741894
2009-05-15 0.087 0.681136
2009-04-15 0.092 0.746471
2009-03-13 0.089 0.741843
2009-02-13 0.093 0.760141
2009-01-15 0.083 0.689956
2008-12-15 0.102 0.981752
2008-11-14 0.090 0.770756
2008-10-15 0.088 0.866901
2008-09-15 0.093 0.723864
2008-08-15 0.090 0.714016
2008-07-15 0.090 0.700051
2008-06-13 0.086 0.677361
2008-05-15 0.083 0.645267
2008-04-15 0.084 0.654207
2008-03-14 0.085 0.690748
2008-02-15 0.094 0.726825
2008-01-15 0.090 0.673933
2007-12-14 0.143 1.104003
2007-11-15 0.092 0.711483
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 3.65

Info Dump

Attribute Value
All Time High 27.59
All Time Low 18.51
Ask 23.41
Ask Size 1,200
Average Daily Volume10 Day 1,286,620
Average Daily Volume3 Month 1,867,075
Average Volume 1,867,075
Average Volume10Days 1,286,620
Beta3 Year 1.28
Bid 22.14
Bid Size 8,300
Category Muni National Long
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 23.44
Day Low 23.32
Dividend Yield 3.65
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 23.2686
Fifty Day Average Change 0.14139938
Fifty Day Average Change Percent 0.0060768323
Fifty Two Week Change Percent 5.2607894
Fifty Two Week High 23.63
Fifty Two Week High Change -0.21999931
Fifty Two Week High Change Percent -0.00931017
Fifty Two Week Low 21.87
Fifty Two Week Low Change 1.539999
Fifty Two Week Low Change Percent 0.07041605
Fifty Two Week Range 21.87 - 23.63
First Trade Date Milliseconds 1,192,714,200,000
Five Year Average Return 0.00083760003
Full Exchange Name NYSEArca
Fund Family Invesco
Fund Inception Date 1,192,060,800
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund generally will invest at least 80% of its total assets in the components of the index. Strictly in accordance with its guidelines and mandated procedures, the index provider compiles, maintains and calculates the underlying index, which is composed of U.S. dollar-denominated, tax-exempt municipal debt publicly issued by U.S. states and territories and their political subdivisions, in the U.S. domestic market.
Long Name Invesco National AMT-Free Municipal Bond ETF
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_37982837
Nav Price 23.38
Net Assets 3,852,977,150.0
Net Expense Ratio 0.28
Open 23.34
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 23.41
Post Market Time 1,776,464,881
Previous Close 23.3
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change 0.110001
Regular Market Change Percent 0.472106
Regular Market Day High 23.44
Regular Market Day Low 23.32
Regular Market Day Range 23.32 - 23.44
Regular Market Open 23.34
Regular Market Previous Close 23.3
Regular Market Price 23.41
Regular Market Time 1,776,456,000
Regular Market Volume 2,034,682
Short Name Invesco National AMT-Free Munic
Source Interval 15
Symbol PZA
Three Year Average Return 0.0279134
Total Assets 3,852,977,152
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns -0.2579
Trailing Three Month Returns -0.2579
Triggerable 1
Two Hundred Day Average 22.9963
Two Hundred Day Average Change 0.4137001
Two Hundred Day Average Change Percent 0.017989855
Type Disp ETF
Volume 2,034,682
Yield 0.0365
Ytd Return -0.2579