Invesco Floating Rate Municipal Income ETF
27 hedge funds and large institutions have $34.2M invested in Invesco Floating Rate Municipal Income ETF in 2014 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 3 increasing their positions, 15 reducing their positions, and 4 closing their positions.
0.29% less ownership
Funds ownership: 27.98% → 27.69% (-0.29%)
13% less funds holding
Funds holding: 31 → 27 (-4)
18% less capital invested
Capital invested by funds: $41.9M → $34.2M (-$7.7M)
80% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 15
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VKH
Virtu KCG Holdings
New York
|
+$305K |
| 2 |
Jane Street
New York
|
+$4.99K |
| 3 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$2.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SEIA
Signature Estate & Investment Advisors
Los Angeles,
California
|
-$3M |
| 2 |
EWM
Empirical Wealth Management
Seattle,
Washington
|
-$1.68M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$885K |
| 4 |
LPL Financial
San Diego,
California
|
-$722K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$510K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIG
26
American International Group
New York
| $2.5K | – | – | – |
|
27
Ameriprise
Minneapolis,
Minnesota
| $2K | – | – | – |
|
|
28
LPL Financial
San Diego,
California
| – | -$722K | -28,919 | Closed |
|
|
BIT
29
BlackRock Institutional Trust
San Francisco,
California
| – | -$106K | -4,242 | Closed |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| – | -$98K | -3,943 | Closed |
|
|
MAS
31
Madden Advisory Services
Jacksonville,
Florida
| – | -$3K | -106 | Closed |
|
PVI Hedge Fund Activity: Q3 2014 in Review
27 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in Invesco Floating Rate Municipal Income ETF (PVI) for Q3 2014, worth a combined $34.2M — down 18% from $41.9M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PVI and 0 opened new positions — a net loss of 4 holders — while 15 trimmed existing stakes and 3 added.
The largest buyer was Virtu KCG Holdings, adding an estimated $305K. The largest seller was Signature Estate & Investment Advisors, cutting an estimated $3M.
- 27 institutional investors held Invesco Floating Rate Municipal Income ETF (PVI) as of Q3 2014, down from 31 in Q2 2014.
- Funds reported $34.2M of Invesco Floating Rate Municipal Income ETF stock for Q3 2014, down 18% quarter-over-quarter.
- 0 funds opened new Invesco Floating Rate Municipal Income ETF positions in Q3 2014 and 4 closed out, a net change of -4 holders.
- The largest Invesco Floating Rate Municipal Income ETF buyer in Q3 2014 was Virtu KCG Holdings, an estimated $305K added.
- The largest Invesco Floating Rate Municipal Income ETF seller in Q3 2014 was Signature Estate & Investment Advisors, an estimated $3M sold.
Based on aggregated 13F filings for Q3 2014.