Invesco Floating Rate Municipal Income ETF
27 hedge funds and large institutions have $20M invested in Invesco Floating Rate Municipal Income ETF in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
8% more funds holding
Funds holding: 25 → 27 (+2)
18.22% less ownership
Funds ownership: 66.93% → 48.71% (-18%)
39% less capital invested
Capital invested by funds: $32.5M → $20M (-$12.5M)
46% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$986K |
| 2 |
SMG
Smart Money Group
Eastland,
Texas
|
+$480K |
| 3 |
MPWT
MassMutual Private Wealth & Trust
Windsor,
Connecticut
|
+$434K |
| 4 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$234K |
| 5 |
WIA
World Investment Advisors
Santa Barbara,
California
|
+$232K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$5.84M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$3.16M |
| 3 |
Rockefeller Capital Management
New York
|
-$2.66M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.48M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$385K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TJHA
26
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $21.1K | +$18.4K | +740 | +673% |
|
|
GRP
27
Global Retirement Partners
San Rafael,
California
| $3.73K | – | – | – |
|
28
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$258K | -10,357 | Closed |
|
|
IWC
29
Integrated Wealth Concepts
Waltham,
Massachusetts
| – | -$230K | -9,248 | Closed |
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$207K | -8,321 | Closed |
|
PVI Hedge Fund Activity: Q3 2023 in Review
27 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Invesco Floating Rate Municipal Income ETF (PVI) for Q3 2023, worth a combined $20M — down 39% from $32.5M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PVI positions and 3 closed out — a net gain of 2 holders — while 7 added to existing stakes and 13 trimmed.
The largest buyer was Wealth Enhancement Advisory Services, opening a new position worth an estimated $986K. The largest seller was Jane Street, cutting an estimated $5.84M.
- 27 institutional investors held Invesco Floating Rate Municipal Income ETF (PVI) as of Q3 2023, up from 25 in Q2 2023.
- Funds reported $20M of Invesco Floating Rate Municipal Income ETF stock for Q3 2023, down 39% quarter-over-quarter.
- 5 funds opened new Invesco Floating Rate Municipal Income ETF positions in Q3 2023 and 3 closed out, a net change of +2 holders.
- The largest Invesco Floating Rate Municipal Income ETF buyer in Q3 2023 was Wealth Enhancement Advisory Services, an estimated $986K added.
- The largest Invesco Floating Rate Municipal Income ETF seller in Q3 2023 was Jane Street, an estimated $5.84M sold.
Based on aggregated 13F filings for Q3 2023.