Invesco Floating Rate Municipal Income ETF
21 hedge funds and large institutions have $20M invested in Invesco Floating Rate Municipal Income ETF in 2015 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 10 reducing their positions, and 5 closing their positions.
6.91% less ownership
Funds ownership: 30.13% → 23.22% (-6.9%)
13% less funds holding
Funds holding: 24 → 21 (-3)
32% less capital invested
Capital invested by funds: $29.3M → $20M (-$9.33M)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
80% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$1.53M |
| 2 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
+$997K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$114K |
| 4 |
Citigroup
New York
|
+$9.95K |
| 5 |
HC
Hurley Capital
New York
|
+$9.05K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
-$6.45M |
| 2 |
Morgan Stanley
New York
|
-$1.33M |
| 3 |
SEIA
Signature Estate & Investment Advisors
Los Angeles,
California
|
-$1.25M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.18M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$564K |
PVI Hedge Fund Activity: Q2 2015 in Review
21 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Invesco Floating Rate Municipal Income ETF (PVI) for Q2 2015, worth a combined $20M — down 32% from $29.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PVI and 3 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 2 added.
The largest buyer was Jane Street, opening a new position worth an estimated $1.53M. The largest seller was Janney Capital Management, exiting entirely with an estimated $6.45M sold.
- 21 institutional investors held Invesco Floating Rate Municipal Income ETF (PVI) as of Q2 2015, down from 24 in Q1 2015.
- Funds reported $20M of Invesco Floating Rate Municipal Income ETF stock for Q2 2015, down 32% quarter-over-quarter.
- 3 funds opened new Invesco Floating Rate Municipal Income ETF positions in Q2 2015 and 5 closed out, a net change of -2 holders.
- The largest Invesco Floating Rate Municipal Income ETF buyer in Q2 2015 was Jane Street, an estimated $1.53M added.
- The largest Invesco Floating Rate Municipal Income ETF seller in Q2 2015 was Janney Capital Management, an estimated $6.45M sold.
Based on aggregated 13F filings for Q2 2015.