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1D
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YTD
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ALL
AUM
$4.17B
P/E ratio
--
Dividend yield
3.6484%
Expense ratio
0.28%
Beta
0.363718
Previous close
$23.39
Today's open
$23.38
Day's range
$23.31 - $23.38
52 week range
$21.87 - $23.63
Bonds
Domestic
Municipal
The Muni Bond Myth That Cost High-Earners Millions
For decades, the playbook for high-income investors was almost reflexive: put municipal bonds in your taxable account, put Treasuries and corporates in your IRA.
24/7 Wall Street • May 28, 2026

The Tax Free Muni Bond Portfolio That Replaces a $75,000 Salary at $1.6 Million Invested
A $75,000 salary sits at the top of the U.S. median household range, but for a retiree in a high federal and state bracket, replacing it with taxable income means earning much more before Uncle Sam takes his cut.
24/7 Wall Street • May 27, 2026

$500,000 in These 3 Tax Free Bond ETFs Pays $1,750 a Month for High Income Retirees
High-bracket retirees face a math problem that taxable bond funds cannot solve: every dollar of interest income gets taxed at the federal marginal rate, often layered with a state tax bite.
24/7 Wall Street • May 22, 2026

High Earners Skip Treasuries for 3.9% Tax-Free Yield in Municipal Bonds
For investors in the top federal tax bracket, the Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA | PZA Price Prediction) offers something rare: a monthly paycheck the IRS cannot touch.
24/7 Wall Street • May 18, 2026

3 Municipal Bond ETFs Retirees Are Using to Generate Tax-Free Income in 2026
For investors in higher federal tax brackets, the headline yield on a municipal bond fund understates the real value of the income.
24/7 Wall Street • Apr 27, 2026

Pizza Pizza Royalty Corp. (PZA:CA) Q4 2025 Earnings Call Transcript
Pizza Pizza Royalty Corp. (PZA:CA) Q4 2025 Earnings Call Transcript
Seeking Alpha • Mar 26, 2026

PZA ETF Pays 3.9% Monthly Tax Free Income With 18 Years of Perfect Reliability
Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) generates income by collecting interest from municipal bonds it holds.
24/7 Wall Street • Jan 29, 2026

Pizza Pizza Royalty Corp. (PZA:CA) Q3 2025 Earnings Call Transcript
Pizza Pizza Royalty Corp. ( PZA:CA ) Q3 2025 Earnings Call November 5, 2025 9:30 AM EST Company Participants Christine D'Sylva - Chief Financial Officer of PPL Philip Goudreau - Chief Operating Officer of PPL Conference Call Participants Derek Lessard - TD Cowen, Research Division Presentation Operator Ladies and gentlemen, thank you for standing by, and welcome to the Pizza Pizza Royalty Corp.'s Earnings Call for the Third Quarter of 2025. [Operator Instructions] After the speakers' remarks, there will be a question-and-answer session.
Seeking Alpha • Nov 5, 2025

5 ETF Areas That Held Steady In Friday's Bloodbath
On Oct 10, 2025, Wall Street saw about $2 trillion in market value wiped out. However, ETFs like SIVR, TAIL, URA, PZA, and VNM held steady.
Zacks Investment Research • Oct 13, 2025

PZA - Wholly Sensible But The Results Are Disappointing
PZA offers low credit risk and tax-free income by holding long-term, diversified municipal bonds, but exposes investors to significant interest rate risk. The fund's 0.28% management fee is in line with peers, but its broad index-tracking approach limits yield potential compared to more selective muni funds. Current yield (TTM) of 3.5% is unexciting, especially when compared to taxable alternatives like FLOT, unless you're in a high tax bracket.
Seeking Alpha • Sep 10, 2025

¹ Disclosures

Open an M1 investment account to buy and sell Invesco National AMT-Free Municipal Bond ETF commission-free¹. Build wealth for the long term using automated trading and transfers.