Invesco Floating Rate Municipal Income ETF
27 hedge funds and large institutions have $59.6M invested in Invesco Floating Rate Municipal Income ETF in 2013 Q4 according to their latest regulatory filings, with 0 funds opening new positions, 6 increasing their positions, 13 reducing their positions, and 3 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6.78% less ownership
Funds ownership: 38.4% → 31.63% (-6.8%)
10% less funds holding
Funds holding: 30 → 27 (-3)
26% less capital invested
Capital invested by funds: $81M → $59.6M (-$21.4M)
54% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 13
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
+$3.94M |
| 2 |
SEIA
Signature Estate & Investment Advisors
Los Angeles,
California
|
+$1.58M |
| 3 |
EWM
Empirical Wealth Management
Seattle,
Washington
|
+$887K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$359K |
| 5 |
NES
New England Securities
New York
|
+$84.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$21.5M |
| 2 |
Morgan Stanley
New York
|
-$2.29M |
| 3 |
BWM
Baystate Wealth Management
Boston,
Massachusetts
|
-$1.06M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$983K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$544K |
PVI Hedge Fund Activity: Q4 2013 in Review
27 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Invesco Floating Rate Municipal Income ETF (PVI) for Q4 2013, worth a combined $59.6M — down 26% from $81M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of PVI and 0 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 6 added.
The largest buyer was Citigroup, adding an estimated $3.94M. The largest seller was Bank of America, cutting an estimated $21.5M.
- 27 institutional investors held Invesco Floating Rate Municipal Income ETF (PVI) as of Q4 2013, down from 30 in Q3 2013.
- Funds reported $59.6M of Invesco Floating Rate Municipal Income ETF stock for Q4 2013, down 26% quarter-over-quarter.
- 0 funds opened new Invesco Floating Rate Municipal Income ETF positions in Q4 2013 and 3 closed out, a net change of -3 holders.
- The largest Invesco Floating Rate Municipal Income ETF buyer in Q4 2013 was Citigroup, an estimated $3.94M added.
- The largest Invesco Floating Rate Municipal Income ETF seller in Q4 2013 was Bank of America, an estimated $21.5M sold.
Based on aggregated 13F filings for Q4 2013.