Invesco California AMT-Free Municipal Bond ETF Price & Performance (PWZ)

Raymond James Financial and several other institutional investors have recently acquired or bolstered their positions in the Invesco California AMT-Free Municipal Bond ETF (PWZ). The ETF, which focuses on long-term, tax-exempt California municipal bonds, is seen as a stable choice amid current market uncertainties, with shares trading near $23.45.12

Municipal bonds have become more attractive following a sharp downturn triggered by recent U.S. tariff actions. Yields on major municipal bond ETFs now rival or exceed 4%, offering compelling after-tax returns, particularly for investors in high-tax states. Market observers suggest this could be a timely entry point for buyers seeking value.34

The Invesco California AMT-Free Municipal Bond ETF (PWZ) has declared a stable monthly distribution of $0.0688 per share. This consistency reinforces its appeal for income-focused investors, even as the fund navigates challenges from California’s economic environment and evolving interest rate risks in the broader municipal bond sector.21