(PWZ) California AMT-Free - NYSE

ETF Category: Muni California Long | Exchange: NYSE (USA) | Market Cap: 1.143m USD | Total Return: 9.1% in 12m

California Municipal Bonds, Tax-Exempt Debt, Long-Term Bonds, U.S. Territory Bonds
Total Rating 60
Safety 65
Buy Signal 0.13
Muni California Long
Category Rotation: -0.5
TER: 0.28%
AUM: 1.14B
Avg Turnover: 4.41M
Risk 3d forecast
Volatility4.56%
VaR 5th Pctl0.83%
VaR vs Median0.40%
Reward TTM
Sharpe Ratio1.07
Rel. Str. IBD36.8
Rel. Str. Peer Group75
Character TTM
Beta0.079
Beta Downside0.077
Hurst Exponent0.621
Drawdowns 3y
Max DD9.09%
CAGR/Max DD0.36
CAGR/Mean DD1.46

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Seasonality

Coming soon
Description: PWZ California AMT-Free

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.

Headlines to Watch Out For
  • 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
What is the price of PWZ shares?

As of June 29, 2026, the stock is trading at USD 24.48 with a total of 97,522 shares traded. Over the past week, the price has changed by +0.55%, over one month by +1.97%, over three months by +4.45% and over the past year by +9.12%.

Current recommended Stop Loss: 24.30 (which is 0.7% or 1.8 ATR below the current price).

Is PWZ a buy, sell or hold?

California AMT-Free has no consensus analysts rating.