Invesco Floating Rate Municipal Income ETF
24 hedge funds and large institutions have $29.3M invested in Invesco Floating Rate Municipal Income ETF in 2015 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
21% more capital invested
Capital invested by funds: $24.2M → $29.3M (+$5.07M)
7.29% more ownership
Funds ownership: 22.85% → 30.13% (+7.3%)
4% more funds holding
Funds holding: 23 → 24 (+1)
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
+$6.45M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$327K |
| 3 |
B
Baird
Milwaukee,
Wisconsin
|
+$220K |
| 4 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
+$94.8K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$24.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SEIA
Signature Estate & Investment Advisors
Los Angeles,
California
|
-$765K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$408K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$253K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$228K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$134K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| – | -$10K | -400 | Closed |
|
PVI Hedge Fund Activity: Q1 2015 in Review
24 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Invesco Floating Rate Municipal Income ETF (PVI) for Q1 2015, worth a combined $29.3M — up 21% from $24.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PVI positions and 3 closed out — a net gain of 2 holders — while 5 added to existing stakes and 6 trimmed.
The largest buyer was Janney Capital Management, opening a new position worth an estimated $6.45M. The largest seller was Signature Estate & Investment Advisors, cutting an estimated $765K.
- 24 institutional investors held Invesco Floating Rate Municipal Income ETF (PVI) as of Q1 2015, up from 23 in Q4 2014.
- Funds reported $29.3M of Invesco Floating Rate Municipal Income ETF stock for Q1 2015, up 21% quarter-over-quarter.
- 5 funds opened new Invesco Floating Rate Municipal Income ETF positions in Q1 2015 and 3 closed out, a net change of +2 holders.
- The largest Invesco Floating Rate Municipal Income ETF buyer in Q1 2015 was Janney Capital Management, an estimated $6.45M added.
- The largest Invesco Floating Rate Municipal Income ETF seller in Q1 2015 was Signature Estate & Investment Advisors, an estimated $765K sold.
Based on aggregated 13F filings for Q1 2015.