Invesco Floating Rate Municipal Income ETF
24 hedge funds and large institutions have $19.7M invested in Invesco Floating Rate Municipal Income ETF in 2023 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 6 closing their positions.
2.48% more ownership
Funds ownership: 48.71% → 51.19% (+2.5%)
1% less capital invested
Capital invested by funds: $20M → $19.7M (-$295K)
11% less funds holding
Funds holding: 27 → 24 (-3)
46% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 13
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$4.41M |
| 2 |
Morgan Stanley
New York
|
+$1.89M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$334K |
| 4 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
+$225K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$73.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$2.25M |
| 2 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
-$2.07M |
| 3 |
LPL Financial
San Diego,
California
|
-$680K |
| 4 |
MPWT
MassMutual Private Wealth & Trust
Windsor,
Connecticut
|
-$434K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$292K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Rockefeller Capital Management
New York
| – | -$270K | -10,863 | Closed |
|
27
First Trust Advisors
Wheaton,
Illinois
| – | -$234K | -9,437 | Closed |
|
|
WIA
28
World Investment Advisors
Santa Barbara,
California
| – | -$232K | -9,346 | Closed |
|
|
TJHA
29
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$21.1K | -850 | Closed |
|
|
GRP
30
Global Retirement Partners
San Rafael,
California
| – | -$3.73K | -150 | Closed |
|
PVI Hedge Fund Activity: Q4 2023 in Review
24 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Invesco Floating Rate Municipal Income ETF (PVI) for Q4 2023, worth a combined $19.7M — down 1.5% from $20M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PVI and 3 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 7 added.
The largest buyer was UBS Group, adding an estimated $4.41M. The largest seller was Wells Fargo, cutting an estimated $2.25M.
- 24 institutional investors held Invesco Floating Rate Municipal Income ETF (PVI) as of Q4 2023, down from 27 in Q3 2023.
- Funds reported $19.7M of Invesco Floating Rate Municipal Income ETF stock for Q4 2023, down 1.5% quarter-over-quarter.
- 3 funds opened new Invesco Floating Rate Municipal Income ETF positions in Q4 2023 and 6 closed out, a net change of -3 holders.
- The largest Invesco Floating Rate Municipal Income ETF buyer in Q4 2023 was UBS Group, an estimated $4.41M added.
- The largest Invesco Floating Rate Municipal Income ETF seller in Q4 2023 was Wells Fargo, an estimated $2.25M sold.
Based on aggregated 13F filings for Q4 2023.