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Exchange Traded Fund

I am not a stock trading expert, but I can provide you with some general information about the iShares National AMT-Free Muni Bond ETF (PZA), which is a publicly traded fund that focuses on investing in municipal bonds in the United States.

PZA seeks to track the investment results of the S&P National AMT-Free Municipal Bond Index, which measures the performance of the investment-grade segment of the U.S. municipal bond market. The fund typically invests at least 90% of its assets in the securities that comprise the index.

H holdings:

PZA holds a diversified portfolio of municipal bonds. The fund has a total of 4192 holdings. The top 10 holdings represent around 8.5% of the portfolio. This is a relatively low concentration compared to many other ETFs, which can help to reduce risk.

Earnings and Growth:

Municipal bonds, in general, are known for their relatively stable income streams rather than high growth potential. PZA's yield is around 1.7% as of Feb 17th 2023. and has a 30-day SEC yield of 1.11%. As a municipal bond ETF, PZA's main objective is to provide current income that is exempt from federal taxes, rather than capital appreciation.

It's important to note that past performance does not guarantee future results and the performance of PZA will depend on the overall performance of the municipal bond market. Additionally, it is always recommended to consult a financial advisor or conduct your own research before making any investment decisions.