Baird’s Invesco National AMT-Free Municipal Bond ETF PZA Stock Holding History

Baird’s Portfolio PZA Stock Details PZA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	$4.28M	Buy	167,800 +2,037	+1%	+$52.1K	0.04%	375
2014 Q4	$4.21M	Sell	165,763 -10,735	-6%	-$271K	0.04%	374
2014 Q3	$4.43M	Sell	176,498 -1,102	-0.6%	-$27.4K	0.06%	277
2014 Q2	$4.38M	Buy	177,600 +3,614	+2%	+$88.4K	0.06%	281
2014 Q1	$4.2M	Buy	173,986 +5,234	+3%	+$124K	0.06%	307
2013 Q4	$3.88M	Sell	168,752 -2,688	-2%	-$62.1K	0.07%	310
2013 Q3	$3.95M	Sell	171,440 -13,695	-7%	-$315K	0.07%	304
2013 Q2	$4.43M	Buy	+185,135	New	+$4.66M	0.09%	260

Other funds holding PZA

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

MAA

Managed Account Advisors Jersey City, New Jersey $121B AUM 7.32% 1-Year Est. Return

BTS

BB&T Securities Richmond, Virginia $10.9B AUM 5.31% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

TNBTD

Trustmark National Bank Trust Department Jackson, Mississippi $1.56B AUM 16.53% 1-Year Est. Return

AssetMark Inc Concord, California $49B AUM 17.78% 1-Year Est. Return

UBS AM Chicago, Illinois $481B AUM 26.39% 1-Year Est. Return

ACM

Ashford Capital Management Wilmington, Delaware $809M AUM 35.1% 1-Year Est. Return

Baird's PZA Position: Q1 2015 in Review

Baird increased its Invesco National AMT-Free Municipal Bond ETF (PZA) stake by 1.2% in Q1 2015, buying an estimated $52.1K and bringing the position to 167,800 shares worth $4.28M. The position accounts for 0.04% of the portfolio, ranked #375.

Baird first reported a position in PZA in Q2 2013 and has held it in 8 quarters since. The position peaked at $4.43M in Q3 2014. 83 funds tracked by Wall St. Rank hold PZA as of Q1 2015.

Baird held 167,800 shares of Invesco National AMT-Free Municipal Bond ETF worth $4.28M as of Q1 2015.
Baird bought 2,037 Invesco National AMT-Free Municipal Bond ETF shares in Q1 2015, an estimated $52.1K.
Invesco National AMT-Free Municipal Bond ETF made up 0.04% of Baird's portfolio in Q1 2015, its #375 holding.
Baird first reported a position in Invesco National AMT-Free Municipal Bond ETF in Q2 2013 and has held it in 8 quarters since.
Baird's Invesco National AMT-Free Municipal Bond ETF position peaked at $4.43M in Q3 2014.
83 funds tracked by Wall St. Rank held Invesco National AMT-Free Municipal Bond ETF as of Q1 2015.

Based on Baird's 13F filing for Q1 2015, filed 13 May 2015.