Invesco Floating Rate Municipal Income ETF
23 hedge funds and large institutions have $24.2M invested in Invesco Floating Rate Municipal Income ETF in 2014 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 2 increasing their positions, 12 reducing their positions, and 7 closing their positions.
4.84% less ownership
Funds ownership: 27.69% → 22.85% (-4.8%)
15% less funds holding
Funds holding: 27 → 23 (-4)
29% less capital invested
Capital invested by funds: $34.2M → $24.2M (-$9.99M)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
83% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VKH
Virtu KCG Holdings
New York
|
+$132K |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$74.8K |
| 3 |
Citigroup
New York
|
+$824 |
| 4 |
Parallax Volatility Advisers
San Francisco,
California
|
+$25 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.56M |
| 2 |
SEIA
Signature Estate & Investment Advisors
Los Angeles,
California
|
-$2.28M |
| 3 |
Morgan Stanley
New York
|
-$1.47M |
| 4 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$1.3M |
| 5 |
Jane Street
New York
|
-$597K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FHC
26
First Heartland Consultants
Lake St. Louis,
Missouri
| – | -$259K | -10,391 | Closed |
|
|
ACS
27
Archford Capital Strategies
Swansea,
Illinois
| – | -$10K | -400 | Closed |
|
|
AIG
28
American International Group
New York
| – | -$2.5K | -100 | Closed |
|
29
Ameriprise
Minneapolis,
Minnesota
| – | -$2K | -66 | Closed |
|
|
30
Parallax Volatility Advisers
San Francisco,
California
| – | +$25 | +1 | New |
|
PVI Hedge Fund Activity: Q4 2014 in Review
23 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Invesco Floating Rate Municipal Income ETF (PVI) for Q4 2014, worth a combined $24.2M — down 29% from $34.2M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PVI and 4 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 2 added.
The largest buyer was Virtu KCG Holdings, adding an estimated $132K. The largest seller was Bank of America, cutting an estimated $2.56M.
- 23 institutional investors held Invesco Floating Rate Municipal Income ETF (PVI) as of Q4 2014, down from 27 in Q3 2014.
- Funds reported $24.2M of Invesco Floating Rate Municipal Income ETF stock for Q4 2014, down 29% quarter-over-quarter.
- 4 funds opened new Invesco Floating Rate Municipal Income ETF positions in Q4 2014 and 7 closed out, a net change of -3 holders.
- The largest Invesco Floating Rate Municipal Income ETF buyer in Q4 2014 was Virtu KCG Holdings, an estimated $132K added.
- The largest Invesco Floating Rate Municipal Income ETF seller in Q4 2014 was Bank of America, an estimated $2.56M sold.
Based on aggregated 13F filings for Q4 2014.