PWZ ETF Analysis: California AMT-Free | NYSE
Muni California Long | NYSE, USA | Market Cap: 1.189m USD | 12M Return: 7.6% | US46138E2063 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.34M
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
The Invesco California AMT-Free Municipal Bond ETF (PWZ) invests at least 80% of its total assets in components of an index composed of U.S. dollar-denominated, tax-exempt municipal debt publicly issued by California or any U.S. territory and their political subdivisions in the domestic market. The fund is structured as a non-diversified ETF, concentrating exposure on California-issued municipal bonds that are exempt from the federal alternative minimum tax (AMT). This structure typically targets income-focused investors in higher tax brackets seeking state-specific, federally tax-advantaged fixed income exposure.
- Fed rate cuts lift long-duration California municipal bond prices
- California budget shortfalls widen muni credit spreads
- Tax-exempt income demand rises ahead of federal filing deadline
As of August 21, 2026, the stock is trading at USD 23.96 with a total of 495,579 shares traded. Over the past week, the price has changed by -1.03%, over one month by -0.99%, over three months by +0.88% and over the past year by +7.59%.
Current recommended Stop Loss: 23.80 (which is 0.7% or 1.6 ATR below the current price).
California AMT-Free has no consensus analysts rating.