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Confluence Investment Management’s Invesco National AMT-Free Municipal Bond ETF PZA Stock Holding History

Confluence Investment Management’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
2026
Q3 		$3.94M Sell
184,114
-8,598
-4% -$195K 0.07% 130
2026
Q2 		$4.53M Sell
192,712
-16,069
-8% -$374K 0.07% 123
2026
Q1 		$4.8M Sell
208,781
-4,623
-2% -$108K 0.07% 117
2025
Q4 		$4.95M Sell
213,404
-7,802
-4% -$182K 0.07% 125
2025
Q3 		$5.11M Sell
221,206
-95,957
-30% -$2.15M 0.07% 126
2025
Q2 		$7.1M Sell
317,163
-9,043
-3% -$203K 0.1% 118
2025
Q1 		$7.52M Sell
326,206
-6,552
-2% -$154K 0.11% 118
2024
Q4 		$7.86M Sell
332,758
-3,880
-1% -$92.7K 0.11% 114
2024
Q3 		$8.13M Sell
336,638
-21,807
-6% -$522K 0.11% 117
2024
Q2 		$8.49M Sell
358,445
-2,810
-0.8% -$66.4K 0.12% 112
2024
Q1 		$8.61M Sell
361,255
-2,937
-0.8% -$70.3K 0.12% 111
2023
Q4 		$8.81M Sell
364,192
-3,009
-0.8% -$68.7K 0.12% 114
2023
Q3 		$8.14M Sell
367,201
-2,590
-0.7% -$60K 0.13% 113
2023
Q2 		$8.73M Sell
369,791
-9,599
-3% -$226K 0.13% 113
2023
Q1 		$8.98M Buy
379,390
+3,496
+0.9% +$82.2K 0.13% 111
2022
Q4 		$8.62M Buy
+375,894
New +$8.51M 0.13% 111

Other funds holding PZA

AWE
Avidian Wealth Enterprises Houston, Texas $3.59B AUM 17.8% 1-Year Est. Return
1WM
1900 Wealth Management San Antonio, Texas $1.84B AUM 13.16% 1-Year Est. Return
AIM
Archer Investment Management Austin, Texas $317M AUM 11.87% 1-Year Est. Return
FHC
First Heartland Consultants Lake St. Louis, Missouri $1.5B AUM 13.03% 1-Year Est. Return
VVP
Venture Visionary Partners Sylvania, Ohio $3.82B AUM 21.33% 1-Year Est. Return
AR
Apeiron RIA Dallas, Texas $440M AUM 15.34% 1-Year Est. Return
VAG
VisionPoint Advisory Group Dallas, Texas $636M AUM 21.4% 1-Year Est. Return
TAM
Titleist Asset Management San Antonio, Texas $1.55B AUM 13.34% 1-Year Est. Return
DAS
Dynamic Advisor Solutions Phoenix, Arizona $3.52B AUM 15.33% 1-Year Est. Return
KPWG
KFA Private Wealth Group Tysons, Virginia $425M AUM 14.36% 1-Year Est. Return

Confluence Investment Management's PZA Position: Q3 2026 in Review

Confluence Investment Management reduced its Invesco National AMT-Free Municipal Bond ETF (PZA) stake by 4.5% in Q3 2026, selling an estimated $195K and leaving 184,114 shares worth $3.94M. The position accounts for 0.07% of the portfolio, ranked #130.

Confluence Investment Management first reported a position in PZA in Q4 2022 and has held it in 16 quarters since. The position peaked at $8.98M in Q1 2023. 17 funds tracked by Wall St. Rank hold PZA as of Q3 2026.

  • Confluence Investment Management held 184,114 shares of Invesco National AMT-Free Municipal Bond ETF worth $3.94M as of Q3 2026.
  • Confluence Investment Management sold 8,598 Invesco National AMT-Free Municipal Bond ETF shares in Q3 2026, an estimated $195K.
  • Invesco National AMT-Free Municipal Bond ETF made up 0.07% of Confluence Investment Management's portfolio in Q3 2026, its #130 holding.
  • Confluence Investment Management first reported a position in Invesco National AMT-Free Municipal Bond ETF in Q4 2022 and has held it in 16 quarters since.
  • Confluence Investment Management's Invesco National AMT-Free Municipal Bond ETF position peaked at $8.98M in Q1 2023.
  • 17 funds tracked by Wall St. Rank held Invesco National AMT-Free Municipal Bond ETF as of Q3 2026.

Based on Confluence Investment Management's 13F filing for Q3 2026, filed 1 Oct 2026.