Invesco Floating Rate Municipal Income ETF
30 hedge funds and large institutions have $81M invested in Invesco Floating Rate Municipal Income ETF in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 13 reducing their positions, and 7 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5.9% less ownership
Funds ownership: 44.3% → 38.4% (-5.9%)
9% less funds holding
Funds holding: 33 → 30 (-3)
11% less capital invested
Capital invested by funds: $90.8M → $81M (-$9.81M)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
62% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SEIA
Signature Estate & Investment Advisors
Los Angeles,
California
|
+$948K |
| 2 |
EWM
Empirical Wealth Management
Seattle,
Washington
|
+$849K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$691K |
| 4 |
CC
Curian Capital
Denver,
Colorado
|
+$532K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$501K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$8.25M |
| 2 |
Morgan Stanley
New York
|
-$2.39M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$1.15M |
| 4 |
FIM
Freedom Investment Management
Hartford,
Connecticut
|
-$395K |
| 5 |
B
Baird
Milwaukee,
Wisconsin
|
-$337K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $39K | -$6.22K | -249 | -14% |
|
27
Ameriprise
Minneapolis,
Minnesota
| $33K | +$33.4K | +1,335 | New |
|
|
ST
28
Smithfield Trust
Pittsburgh,
Pennsylvania
| $14K | – | – | – |
|
|
MAS
29
Madden Advisory Services
Jacksonville,
Florida
| $3K | -$60.1K | -2,405 | -96% |
|
|
AIG
30
American International Group
New York
| $2.5K | – | – | – |
|
|
FIM
31
Freedom Investment Management
Hartford,
Connecticut
| – | -$395K | -15,817 | Closed |
|
32
JP Morgan Chase
New York
| – | -$309K | -12,350 | Closed |
|
33
Creative Planning
Overland Park,
Kansas
| – | -$269K | -10,769 | Closed |
|
|
HCM
34
Hengehold Capital Management
Cincinnati,
Ohio
| – | -$225K | -9,000 | Closed |
|
|
MIM
35
Marco Investment Management
Atlanta,
Georgia
| – | -$212K | -8,485 | Closed |
|
|
ECAM
36
East Coast Asset Management
Essex,
Massachusetts
| – | -$20K | -800 | Closed |
|
|
WA
37
WFG Advisors
Dallas,
Texas
| – | -$2K | -78 | Closed |
|
PVI Hedge Fund Activity: Q3 2013 in Review
30 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Invesco Floating Rate Municipal Income ETF (PVI) for Q3 2013, worth a combined $81M — down 11% from $90.8M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PVI and 5 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 5 added.
The largest buyer was Signature Estate & Investment Advisors, adding an estimated $948K. The largest seller was Bank of America, cutting an estimated $8.25M.
- 30 institutional investors held Invesco Floating Rate Municipal Income ETF (PVI) as of Q3 2013, down from 33 in Q2 2013.
- Funds reported $81M of Invesco Floating Rate Municipal Income ETF stock for Q3 2013, down 11% quarter-over-quarter.
- 5 funds opened new Invesco Floating Rate Municipal Income ETF positions in Q3 2013 and 7 closed out, a net change of -2 holders.
- The largest Invesco Floating Rate Municipal Income ETF buyer in Q3 2013 was Signature Estate & Investment Advisors, an estimated $948K added.
- The largest Invesco Floating Rate Municipal Income ETF seller in Q3 2013 was Bank of America, an estimated $8.25M sold.
Based on aggregated 13F filings for Q3 2013.