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PWZ
Invesco California AMT-Free Municipal Bond ETF

Price: $26.99
Change: $0.12 (0.0%)
Category: California Munis
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $23.60
  • 52 Week Hi $28.41
  • AUM $494.8 M
  • Shares 18.3 M

Analyst Report

PWZ offers exposure to insured municipal bonds of California issuers, making this ETF potentially attractive for investors in a high tax bracket looking to take on additional risk and expected return relative to a broad-based muni bond ETF. PWZ is a fine option, but investors looking to minimize costs may want to consider CXA, while those seeking depth of holdings may be better off with CMF.

Historical Trading Data

  • 1 Month Avg. Volume 546,745
  • 3 Month Avg. Volume 216,519

Alternative ETFs in the California Munis Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest CMF 0.25% $1.4 B 238,779 -0.52%
Largest (AUM) CMF 0.25% $1.4 B 238,779 -0.52%
Most Liquid (Volume) CMF 0.25% $1.4 B 238,779 -0.52%
Top YTD Performer CMF 0.25% $1.4 B 238,779 -0.52%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

152
Number of Holdings
34.40%
% Assets in Top 10
41.65%
% Assets in Top 15
69.29%
% Assets in Top 50
Number of Holdings
152

% Assets in Top 10
34.40%

% Assets in Top 15
41.65%

% Assets in Top 50
69.29%

Sector Breakdown

Asset Percentage
Municipal debt 92.18%
ETF Cash Component 7.82%
Bond Sector Percentage
Municipal 92.18%
ETF Cash Component 7.82%
Bond Sector Percentage
Municipal Bond 92.18%
Other 7.82%
Coupon Range Percentage
0% to 1% 0.0%
1% to 2% 0.0%
2% to 3% 0.0%
3% to 4% 3.83%
4% to 5% 17.69%
5% to 6% 68.65%
6% to 7% 2.01%
7% to 8% 0.0%
8% to 9% 0.0%
9% to 10% 0.0%
Greater Than 10% 0.0%
ETF Cash Component 7.82%
Credit Percentage
AAA 5.22%
AA 65.91%
A 17.07%
BBB 3.15%
BB 0.0%
B 0.07%
Below B 0.0%
Not Rated 0.16%
ETF Cash Component 7.82%
Rating Unknown 0.61%
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 2.01%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 2.22%
15-20 Years 10.71%
20-30 Years 75.19%
30+ Years 2.06%
ETF Cash Component 7.82%
Asset Percentage
Municipal debt 92.18%
ETF Cash Component 7.82%

PWZ Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

PWZ Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.06
Dividend Date
2020-03-23
Annual Dividend Rate
$0.69

$0.06
Dividend
2020-03-23
Dividend Date
$0.69
Annual Dividend Rate
Annual Dividend Yield
2.56%

PWZ Fund Flows

View charts featuring ETF fund flow data.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for PWZ on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the California Munis with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- n/a
Expenses A- n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

PWZ Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.545%
ETF Wtd. Average
0.19%
Category Average
0.34%
Expense Ratio
0.28%
ESG Themes and Scores

PWZ does not have an ESG score. There are no ESG themes that map to this ETF.

PWZ Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

8.45%
1 Week Return
-3.88%
4 Week Return
-0.66%
13 Week Return
0.03%
26 Week Return
-0.66%
Year to Date Return
4.90%
1 Year Return
15.12%
3 Year Return
19.71%
5 Year Return
1 Week Return
8.45%

4 Week Return
-3.88%

13 Week Return
-0.66%

26 Week Return
0.03%

Year to Date Return
-0.66%

1 Year Return
4.90%

3 Year Return
15.12%

5 Year Return
19.71%

PWZ Charts

PWZ Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
55.27%
Rank
3 of 3

20 Day Volatility
28.86%
Rank
3 of 3

50 Day Volatility
18.49%
Rank
3 of 3

200 Day Volatility
13.19%
Rank
3 of 3

Beta
-0.05
Rank
2 of 3

Standard Deviation
0.66%
Rank
3 of 3

Technicals

  • 20 Day MA $26.83
  • 60 Day MA $27.36
  • MACD 15 Period 0.61
  • MACD 100 Period -0.25
  • Williams % Range 10 Day 5.04
  • Williams % Range 20 Day 29.57
  • RSI 10 Day 56
  • RSI 20 Day 50
  • RSI 30 Day 49
  • Ultimate Oscillator 60

Bollinger Brands

  • Lower Bollinger (10 Day) $24.29
  • Upper Bollinger (10 Day) $27.48
  • Lower Bollinger (20 Day) $24.40
  • Upper Bollinger (20 Day) $29.22
  • Lower Bollinger (30 Day) $24.94
  • Upper Bollinger (30 Day) $29.45

Support & Resistance

  • Support Level 1 $26.84
  • Support Level 2 $26.68
  • Resistance Level 1 $27.16
  • Resistance Level 2 $27.32

Stochastic

  • Stochastic Oscillator %D (1 Day) 63.15
  • Stochastic Oscillator %D (5 Day) 78.76
  • Stochastic Oscillator %K (1 Day) 60.48
  • Stochastic Oscillator %K (5 Day) 60.09

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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