


Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ - Get Free Report) shares reached a new 52-week low during trading on Monday. The company traded as low as $22.90 and last traded at $22.98, with a volume of 1004975 shares. The stock had previously closed at $22.95. Invesco California AMT-Free Municipal Bond ETF Price Performance

For California residents stuck in the top federal and state brackets, the Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) is one of the few off-the-shelf tools that pays monthly income exempt from federal tax, California state tax, and the Alternative Minimum Tax.

This week J.P. Morgan Asset Management launched two actively managed municipal bond ETFs focused on California and New York debt, offering investors a way to earn tax-free income inside a more flexible and transparent fund structure.

The Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) is the income vehicle California residents reach for when they want federally tax-exempt monthly checks that also dodge the Alternative Minimum Tax.

High-income California residents face a combined federal and state tax rate exceeding 50%, which fundamentally changes bond investment economics. The tax exemption on municipal bonds creates a powerful arbitrage opportunity - what appears as a modest yield becomes substantially more valuable on an after-tax basis. This tax advantage explains why institutional investors like Osaic Holdings... California Residents Earning Over $500K Finally Get Some Relief.

Osaic Holdings Inc. lifted its holdings in Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) by 382.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,698 shares of the company's stock after acquiring an additional 48,124 shares during the

Investors were net purchasers of fund assets (including those of conventional funds and ETFs) for the third week in a row, injecting a net $14.2 billion for the LSEG Lipper fund-flows week ended Wednesday, November 8. A weaker-than-expected October jobs report, a drop in oil prices and inflation expectations, and rising hopes that the Fed is done hiking interest rates pushed equities to their longest daily winning streak in two years and the 10-year Treasury yield dropped to its lowest level since September. The Dow locked in its longest winning streak since late July, rising for the sixth consecutive trading session, on Monday, November 6.