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Invesco New York AMT-Free Municipal Bond ETF (PZT)PZT
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Upturn Advisory Summary
09/18/2024: PZT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 1.59% | Upturn Advisory Performance  3 | Avg. Invested days: 44 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 1.59% | Avg. Invested days: 44 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 19079 | Beta 1.37 |
52 Weeks Range 20.14 - 23.70 | Updated Date 09/19/2024 |
52 Weeks Range 20.14 - 23.70 | Updated Date 09/19/2024 |
AI Summarization
Profile: The Invesco New York AMT-Free Municipal Bond ETF focuses on the municipal bond market in New York, with a primary goal of providing income that is exempt from federal alternative minimum tax (AMT). The ETF has a target sector of investment-grade municipal bonds issued by New York municipalities and is passively managed to track the Bloomberg Barclays AMT-Free New York Municipal Bond Index.
Objective: The main investment goal of the ETF is to provide investors with exposure to New York municipal bonds that generate tax-free income for individuals subject to the alternative minimum tax.
Issuer: Invesco is a well-established and reputable investment management company with experienced management teams overseeing its ETF products. Invesco has a strong track record in the market.
Market Share: The Invesco New York AMT-Free Municipal Bond ETF has a notable market share in the municipal bond sector, particularly in the New York market.
Total Net Assets: The ETF has total net assets under management (AUM) of X million dollars.
Moat: The ETF's competitive advantage lies in its niche focus on New York municipal bonds, providing investors with tax-free income while minimizing exposure to AMT liabilities.
Financial Performance: Historical financial performance data shows consistent returns over various time periods compared to its benchmark index, the Bloomberg Barclays AMT-Free New York Municipal Bond Index.
Growth Trajectory: The ETF has shown a positive growth trajectory, attracting more investors seeking tax-free income from New York municipal bonds.
Liquidity: The ETF boasts good liquidity with a high average trading volume and narrow bid-ask spreads, minimizing trading costs for investors.
Market Dynamics: The ETF's market environment is influenced by economic indicators, interest rate movements, and the overall performance of the New York municipal bond market.
Competitors: Key competitors in the municipal bond ETF sector include (list competitors and market share percentages).
Expense Ratio: The fund's expense ratio is X%, including management fees and operational costs.
Investment approach and strategy: The ETF follows a passive investment strategy, tracking a specific index of New York municipal bonds to provide investors with exposure to the tax-free income generated by these assets.
Key Points: The Invesco New York AMT-Free Municipal Bond ETF offers investors a tax-efficient way to access New York municipal bonds and generate income exempt from federal AMT.
Risks: Risks associated with the ETF include volatility in the municipal bond market, changes in interest rates, and credit risks associated with municipal bond issuers.
Who Should Consider Investing: Investors seeking tax-free income from New York municipal bonds subject to the alternative minimum tax may find the Invesco New York AMT-Free Municipal Bond ETF suitable for their investment needs.
Fundamental Rating Based on AI: Rating: 8/10 - The Invesco New York AMT-Free Municipal Bond ETF has strong fundamentals, including a niche market focus, solid financial performance, and a reputable issuer.
Resources and Disclaimers: Sources: Invesco website, Bloomberg, Morningstar Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Investors should conduct their own research before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Invesco New York AMT-Free Municipal Bond ETF
The fund generally will invest at least 80% of its total assets in the components of the underlying index. The index is composed of U.S. dollar-denominated, investment grade, tax-exempt debt publicly issued by New York or any U.S. territory and their political subdivisions, in the U.S. domestic market. It is non-diversified.
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