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PZT
Invesco New York AMT-Free Municipal Bond ETF

Price: $25.11
Change: $0.34 (-0.01%)
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 $21.34
  • 52 Week Hi $26.43
  • AUM $95.3 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 29,187
  • 3 Month Avg. Volume 17,884

Alternative ETFs in the New York Munis Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest NYF 0.25% $475.1 M 47,538 -0.62%
Largest (AUM) NYF 0.25% $475.1 M 47,538 -0.62%
Most Liquid (Volume) NYF 0.25% $475.1 M 47,538 -0.62%
Top YTD Performer NYF 0.25% $475.1 M 47,538 -0.62%

Top 15 Holdings

Concentration Analysis

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

56
Number of Holdings
31.57%
% Assets in Top 10
43.53%
% Assets in Top 15
96.07%
% Assets in Top 50
 
View Detailed Analysis
 
Number of Holdings
56
Rank
2 of 2
Low
PZT (56)
High
NYF (626)
% Assets in Top 10
31.57%
Rank
2 of 2
Low
NYF (8.07%)
High
PZT (31.57%)
% Assets in Top 15
43.53%
Rank
1 of 2
Low
NYF (10.84%)
High
PZT (43.53%)
% Assets in Top 50
96.07%
Rank
1 of 2
Low
NYF (24.66%)
High
PZT (96.07%)

 
View Summary Analysis
 

Sector Breakdown

Asset Percentage
Municipal debt 100.0%
Bond Sector Percentage
Municipal 100.0%
Bond Sector Percentage
Municipal Bond 100.0%
Other 0.0%
Coupon Range Percentage
0% to 1% 0.0%
1% to 2% 0.0%
2% to 3% 0.0%
3% to 4% 2.32%
4% to 5% 23.81%
5% to 6% 69.1%
6% to 7% 2.63%
7% to 8% 2.15%
8% to 9% 0.0%
9% to 10% 0.0%
Greater Than 10% 0.0%
Credit Percentage
AAA 11.77%
AA 58.65%
A 24.66%
BBB 2.76%
BB 0.0%
B 2.17%
Below B 0.0%
Not Rated 0.0%
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 2.86%
15-20 Years 17.25%
20-30 Years 69.87%
30+ Years 10.02%
 
View Less Charts
 
Asset Percentage
Municipal debt 100.0%
 
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
$0.05
Dividend Date
2020-03-23
Annual Dividend Rate
$0.68

$0.05
Dividend
2020-03-23
Dividend Date
$0.68
Annual Dividend Rate
Annual Dividend Yield
2.67%
Rank
1 of 2
Low
NYF (2.16%)
High
PZT (2.67%)

PZT Fund Flows

View charts featuring ETF fund flow data.

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.

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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
0.542%
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.

10.56%
1 Week Return
-4.00%
4 Week Return
-0.29%
13 Week Return
-0.06%
26 Week Return
-0.29%
Year to Date Return
4.95%
1 Year Return
13.75%
3 Year Return
19.73%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
10.56%
Rank
1 of 2
Low
NYF (6.88%)
High
PZT (10.56%)
4 Week Return
-4.00%
Rank
2 of 2
Low
PZT (-4.00%)
High
NYF (-3.11%)
13 Week Return
-0.29%
Rank
1 of 2
Low
NYF (-0.62%)
High
PZT (-0.29%)
26 Week Return
-0.06%
Rank
1 of 2
Low
NYF (-0.27%)
High
PZT (-0.06%)
Year to Date Return
-0.29%
Rank
1 of 2
Low
NYF (-0.62%)
High
PZT (-0.29%)
1 Year Return
4.95%
Rank
1 of 2
Low
NYF (3.36%)
High
PZT (4.95%)
3 Year Return
13.75%
Rank
1 of 2
Low
NYF (9.89%)
High
PZT (13.75%)
5 Year Return
19.73%
Rank
1 of 2
Low
NYF (11.96%)
High
PZT (19.73%)

 
View Summary Analysis
 

PZT Charts

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
86.87%
Rank
1 of 2
Low
NYF (58.79%)
High
PZT (86.87%)
20 Day Volatility
43.35%
Rank
1 of 2
Low
NYF (31.61%)
High
PZT (43.35%)
50 Day Volatility
27.61%
Rank
1 of 2
Low
NYF (20.16%)
High
PZT (27.61%)
200 Day Volatility
19.62%
Rank
1 of 2
Low
NYF (14.33%)
High
PZT (19.62%)
Beta
-0.04
Rank
2 of 2
Low
PZT (-0.04)
High
NYF (-0.04)
Standard Deviation
0.66%
Rank
2 of 2
Low
PZT (0.66%)
High
NYF (1.11%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $24.51
  • 60 Day MA $25.28
  • MACD 15 Period 1.13
  • MACD 100 Period -0.11
  • Williams % Range 10 Day 13.56
  • Williams % Range 20 Day 25.94
  • RSI 10 Day 57
  • RSI 20 Day 52
  • RSI 30 Day 51
  • Ultimate Oscillator 60

Bollinger Brands

  • Lower Bollinger (10 Day) $21.06
  • Upper Bollinger (10 Day) $26.37
  • Lower Bollinger (20 Day) $21.78
  • Upper Bollinger (20 Day) $27.35
  • Lower Bollinger (30 Day) $22.38
  • Upper Bollinger (30 Day) $27.72

Support & Resistance

  • Support Level 1 $24.98
  • Support Level 2 $24.84
  • Resistance Level 1 $25.34
  • Resistance Level 2 $25.56

Stochastic

  • Stochastic Oscillator %D (1 Day) 39.59
  • Stochastic Oscillator %D (5 Day) 79.28
  • Stochastic Oscillator %K (1 Day) 47.83
  • Stochastic Oscillator %K (5 Day) 67.13

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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