California's $24 ETF Pays Monthly Tax-Free Income Equivalent to 7% Taxable Bonds

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.

24/7 Wall Street • Jun 30, 2026

JPMorgan Converts $950M to Active NY, CA Muni ETFs

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.

ETF Trends • Jun 16, 2026

Dividend Safety Check: California Muni Bond Income with PWZ

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.

24/7 Wall Street • Jun 12, 2026

U.S. Weekly Fund Flows Insight Report: Investors Give A Cold Shoulder To Conventional Funds During The Fund-Flows Week But Embrace Equity And Bond ETFs

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.

Seeking Alpha • Nov 10, 2023

Munis Maintain Summer Heat In July

Demand outpaced supply and prompted strong absolute and relative performance. Rich valuations and waning seasonal trends warrant some near-term caution going forward.

Seeking Alpha • Aug 15, 2023

Bond Fund Investors Benefit From Large Declines In Yields During The Fund-Flows Week

At the beginning of the fund-flows week, the U.S. Bureau of Labor Statistics reported that October headline inflation came in at a better-than-expected 0.4%. While yields at the shortest end of the curve continued to rise, the belly and long end of the curve witnessed significant declines.

Seeking Alpha • Nov 21, 2022

Momentum Is on the Side of These Municipal Bond ETFs

Municipal bonds have been a steady bet in 2021 despite all the volatility, with certain exchange traded funds (ETFs) high on momentum according to their relative strength index (RSI). The RSI can be a helpful indicator to know if momentum is behind a certain ETF — the closer to a reading of 70, the higher [.

ETF Trends • Dec 20, 2021

Muni Investors Stay Flexible As Rates Rise

Truly active managers shine in challenging investment environments, especially when they are given a flexible mandate. With tax-loss harvesting, active investors can deliberately sell at a loss to offset taxes on gains elsewhere in a portfolio.

Seeking Alpha • Nov 9, 2021

A Municipal Bond ETF for the Biggest State Economy

The municipal bond space continues to be a hot subsector in the debt markets, fueled by an incoming Biden administration that is expected to hike taxes. ETF investors can now get state-specific exposure to the municipal bond market in California via the Invesco California AMT-Free Municipal Bond ETF (PWZ).

ETF Trends • Dec 8, 2020