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PZT
Invesco New York AMT-Free Municipal Bond ETF

Price: $26.03
Change: $0.02 (-0.0%)
Category: New York Munis
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $21.15
  • 52 Week Hi $26.19
  • AUM $98.9 M
  • Shares 3.8 M

Analyst Report

This ETF offers exposure to the municipal bond market, specifically focusing in on notes that are issued by municipalities in the state of New York. As a result, the fund is likely to be heavily influenced by any New York specific events, budget dealings, or political changes in the region. Muni investing in New York is an interesting proposition as it offers investors a nice mix of urban, suburban, and rural projects, offering immense diversification in a relatively small area. PZT offers a similar focus to its counterparts in the Category but it only tracks the best quality bonds on the market. This PowerShares fund only holds AAA-rated securities that are insured and tax-exempt. While this strategy undoubtedly decreases the default risk as well as the coupon payment, it greatly cuts down on the number of total holdings as well; PZT only holds 35 securities in total. PZT could be a good fund for investors looking for higher levels of muni exposure with virtually no risk but most would probably be better served by buying into a broader fund instead.

Historical Trading Data

  • 1 Month Avg. Volume 11,525
  • 3 Month Avg. Volume 10,560

Alternative ETFs in the New York Munis Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest NYF 0.25% $470.4 M 27,589 3.19%
Largest (AUM) NYF 0.25% $470.4 M 27,589 3.19%
Most Liquid (Volume) NYF 0.25% $470.4 M 27,589 3.19%
Top YTD Performer NYF 0.25% $470.4 M 27,589 3.19%

Top 15 Holdings

Concentration Analysis

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

59
Number of Holdings
30.00%
% Assets in Top 10
41.36%
% Assets in Top 15
91.42%
% Assets in Top 50
 
View Detailed Analysis
 
Number of Holdings
59
Rank
2 of 2
Low
PZT (59)
High
NYF (608)
% Assets in Top 10
30.00%
Rank
2 of 2
Low
NYF (7.51%)
High
PZT (30.00%)
% Assets in Top 15
41.36%
Rank
1 of 2
Low
NYF (10.21%)
High
PZT (41.36%)
% Assets in Top 50
91.42%
Rank
1 of 2
Low
NYF (24.19%)
High
PZT (91.42%)

 
View Summary Analysis
 

Sector Breakdown

Asset Percentage
Municipal debt 98.42%
ETF Cash Component 1.58%
Bond Sector Percentage
Municipal 98.42%
ETF Cash Component 1.58%
Bond Sector Percentage
Municipal Bond 98.42%
Other 1.58%
Coupon Range Percentage
0% to 1% 0.0%
1% to 2% 0.0%
2% to 3% 0.0%
3% to 4% 3.48%
4% to 5% 22.38%
5% to 6% 67.95%
6% to 7% 2.58%
7% to 8% 2.03%
8% to 9% 0.0%
9% to 10% 0.0%
Greater Than 10% 0.0%
ETF Cash Component 1.58%
Credit Percentage
AAA 11.87%
AA 55.98%
A 22.73%
BBB 5.64%
BB 2.2%
B 0.0%
Below B 0.0%
Not Rated 0.0%
ETF Cash Component 1.58%
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 6.37%
15-20 Years 15.76%
20-30 Years 71.55%
30+ Years 4.74%
ETF Cash Component 1.58%
 
View Less Charts
 
Asset Percentage
Municipal debt 98.42%
ETF Cash Component 1.58%
 
View More Charts
 

PZT 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

PZT Dividend

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

Dividend
$0.06
Dividend Date
2020-07-20
Annual Dividend Rate
$0.67

$0.06
Dividend
2020-07-20
Dividend Date
$0.67
Annual Dividend Rate
Annual Dividend Yield
2.58%
Rank
1 of 2
Low
NYF (2.02%)
High
PZT (2.58%)

PZT Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 1.29 M 3 Month Net Flows: 3.84 M 6 Month Net Flows: 3.85 M 1 Year Net Flows: 21.63 M 3 Year Net Flows: 29.21 M 5 Year Net Flows: 44.12 M 10 Year Net Flows: 54.47 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for PZT 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 New York 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.

Sign Up for Pro to Unlock Data Sign Up
Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A PZT
Expenses A- NYF
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

PZT Expenses & Fees

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

Expenses Ratio Analysis

ETF Average
0.535%
ETF Wtd. Average
0.19%
Category Average
0.27%
Expense Ratio
0.28%
Rank
2 of 2
Low
NYF (0.25%)
High
PZT (0.28%)
ESG Themes and Scores

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

PZT Performance

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

0.12%
1 Week Return
1.38%
4 Week Return
6.18%
13 Week Return
2.37%
26 Week Return
4.30%
Year to Date Return
4.41%
1 Year Return
15.32%
3 Year Return
26.29%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
0.12%
Rank
2 of 2
Low
PZT (0.12%)
High
NYF (0.29%)
4 Week Return
1.38%
Rank
1 of 2
Low
NYF (1.00%)
High
PZT (1.38%)
13 Week Return
6.18%
Rank
1 of 2
Low
NYF (3.82%)
High
PZT (6.18%)
26 Week Return
2.37%
Rank
1 of 2
Low
NYF (1.72%)
High
PZT (2.37%)
Year to Date Return
4.30%
Rank
1 of 2
Low
NYF (3.19%)
High
PZT (4.30%)
1 Year Return
4.41%
Rank
1 of 2
Low
NYF (3.03%)
High
PZT (4.41%)
3 Year Return
15.32%
Rank
1 of 2
Low
NYF (10.76%)
High
PZT (15.32%)
5 Year Return
26.29%
Rank
1 of 2
Low
NYF (16.71%)
High
PZT (26.29%)

 
View Summary Analysis
 

PZT Price and Volume Chart

PZT Technicals

Volatility Analysis

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

 
View Detailed Analysis
 
5 Day Volatility
92.64%
Rank
1 of 2
Low
NYF (56.66%)
High
PZT (92.64%)
20 Day Volatility
2.85%
Rank
1 of 2
Low
NYF (1.92%)
High
PZT (2.85%)
50 Day Volatility
2.54%
Rank
1 of 2
Low
NYF (1.95%)
High
PZT (2.54%)
200 Day Volatility
15.79%
Rank
1 of 2
Low
NYF (11.91%)
High
PZT (15.79%)
Beta
0.12
Rank
1 of 2
Low
NYF (0.01)
High
PZT (0.12)
Standard Deviation
0.62%
Rank
2 of 2
Low
PZT (0.62%)
High
NYF (1.07%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $25.86
  • 60 Day MA $25.51
  • MACD 15 Period 0.12
  • MACD 100 Period 0.97
  • Williams % Range 10 Day 23.69
  • Williams % Range 20 Day 19.38
  • RSI 10 Day 71
  • RSI 20 Day 72
  • RSI 30 Day 67
  • Ultimate Oscillator 63

Bollinger Brands

  • Lower Bollinger (10 Day) $25.79
  • Upper Bollinger (10 Day) $26.15
  • Lower Bollinger (20 Day) $25.59
  • Upper Bollinger (20 Day) $26.12
  • Lower Bollinger (30 Day) $25.40
  • Upper Bollinger (30 Day) $26.12

Support & Resistance

  • Support Level 1 $25.98
  • Support Level 2 $25.93
  • Resistance Level 1 $26.10
  • Resistance Level 2 $26.17

Stochastic

  • Stochastic Oscillator %D (1 Day) 49.83
  • Stochastic Oscillator %D (5 Day) 69.46
  • Stochastic Oscillator %K (1 Day) 60.92
  • Stochastic Oscillator %K (5 Day) 75.95

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.

Download the fact sheet PDF

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