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

TownSquare Capital’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
2025
Q4 		– Sell
-14,839
Closed -$343K – 336
2025
Q3 		$343K Sell
14,839
-1,304
-8% -$29.2K 0.05% 264
2025
Q2 		$361K Sell
16,143
-13,359
-45% -$300K 0.04% 428
2025
Q1 		$680K Sell
29,502
-433
-1% -$10.2K 0.01% 997
2024
Q4 		$707K Buy
29,935
+4,109
+16% +$98.2K 0.01% 890
2024
Q3 		$624K Buy
25,826
+4,207
+19% +$101K 0.01% 879
2024
Q2 		$512K Sell
21,619
-1,776
-8% -$42K 0.01% 876
2024
Q1 		$558K Buy
23,395
+195
+0.8% +$4.67K 0.01% 825
2023
Q4 		$561K Sell
23,200
-19,921
-46% -$455K 0.01% 754
2023
Q3 		$956K Sell
43,121
-74,393
-63% -$1.72M 0.02% 571
2023
Q2 		$12.3M Buy
117,514
+77,376
+193% +$1.83M 0.22% 94
2023
Q1 		$950K Buy
40,138
+487
+1% +$11.5K 0.02% 489
2022
Q4 		$910K Buy
39,651
+6,347
+19% +$144K 0.02% 481
2022
Q3 		$735K Buy
33,304
+268
+0.8% +$6.29K 0.02% 412
2022
Q2 		$774K Buy
33,036
+17,000
+106% +$404K 0.02% 388
2022
Q1 		$400K Sell
16,036
-612
-4% -$15.9K 0.01% 543
2021
Q4 		$451K Sell
16,648
-754
-4% -$20.3K 0.01% 520
2021
Q3 		$467K Hold
17,402
– – 0.01% 469
2021
Q2 		$476K Buy
17,402
+1,466
+9% +$39.8K 0.02% 431
2021
Q1 		$426K Sell
15,936
-6,787
-30% -$183K 0.02% 428
2020
Q4 		$616K Buy
22,723
+3,437
+18% +$92K 0.03% 352
2020
Q3 		$511K Buy
19,286
+3,350
+21% +$89.9K 0.03% 307
2020
Q2 		$425K Sell
15,936
-1,914
-11% -$49.9K 0.03% 301
2020
Q1 		$456K Sell
17,850
-1,658
-8% -$43.8K 0.04% 293
2019
Q4 		$517K Buy
19,508
+269
+1% +$7.12K 0.04% 278
2019
Q3 		$506K Sell
19,239
-22,079
-53% -$585K 0.04% 304
2019
Q2 		$1.09M Sell
41,318
-914
-2% -$23.7K 0.1% 162
2019
Q1 		$1.08M Sell
42,232
-325
-0.8% -$8.19K 0.08% 175
2018
Q4 		$1.07M Buy
+42,557
New +$1.05M 0.14% 132

Other funds holding PZA

Bank of America
Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors Minneapolis, Minnesota $7.61B AUM 16.44% 1-Year Est. Return
RBA
Richard Bernstein Advisors New York $3.45B AUM 16.24% 1-Year Est. Return
LPL Financial
LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return
Envestnet Asset Management
Envestnet Asset Management Chicago, Illinois $424B AUM 22.96% 1-Year Est. Return
Bank of New York Mellon
Bank of New York Mellon New York $609B AUM 40.19% 1-Year Est. Return
Jane Street
Jane Street New York $1.21T AUM 78.12% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return
UBS Group
UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management Milwaukee, Wisconsin $187B AUM 21.7% 1-Year Est. Return

TownSquare Capital's PZA Position: Q4 2025 in Review

TownSquare Capital sold out of Invesco National AMT-Free Municipal Bond ETF (PZA) in Q4 2025, closing a stake of 14,839 shares — an estimated $343K sold.

TownSquare Capital first reported a position in PZA in Q4 2018 and held it in 28 quarters. The position peaked at $12.3M in Q2 2023. 268 funds tracked by Wall St. Rank hold PZA as of Q4 2025.

  • TownSquare Capital reported no remaining Invesco National AMT-Free Municipal Bond ETF position as of Q4 2025 after selling out during the quarter.
  • TownSquare Capital sold 14,839 Invesco National AMT-Free Municipal Bond ETF shares in Q4 2025, an estimated $343K.
  • TownSquare Capital first reported a position in Invesco National AMT-Free Municipal Bond ETF in Q4 2018 and held it in 28 quarters.
  • TownSquare Capital's Invesco National AMT-Free Municipal Bond ETF position peaked at $12.3M in Q2 2023.
  • 268 funds tracked by Wall St. Rank held Invesco National AMT-Free Municipal Bond ETF as of Q4 2025.

Based on TownSquare Capital's 13F filing for Q4 2025, filed 11 Feb 2026.