Invesco Floating Rate Municipal Income ETF
PVI
19 hedge funds and large institutions have $24.6M invested in Invesco Floating Rate Municipal Income ETF in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 4 closing their positions.
11% more capital invested
Capital invested by funds: $22.2M → $24.6M (+$2.41M)
5.52% more ownership
Funds ownership: 35.55% → 41.07% (+5.5%)
10% less funds holding
Funds holding: 21 → 19 (-2)
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.75M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$255K |
| 3 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
+$62.7K |
| 4 |
FIM
Freedom Investment Management
Hartford,
Connecticut
|
+$46.9K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$9.66K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$797K |
| 2 |
Jane Street
New York
|
-$592K |
| 3 |
Wolverine Trading
Chicago,
Illinois
|
-$539K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$430K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$409K |
PVI Hedge Fund Activity: Q3 2016 in Review
19 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Invesco Floating Rate Municipal Income ETF (PVI) for Q3 2016, worth a combined $24.6M — up 11% from $22.2M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PVI and 2 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 4 added.
The largest buyer was Morgan Stanley, adding an estimated $5.75M. The largest seller was UBS Group, cutting an estimated $797K.
- 19 institutional investors held Invesco Floating Rate Municipal Income ETF (PVI) as of Q3 2016, down from 21 in Q2 2016.
- Funds reported $24.6M of Invesco Floating Rate Municipal Income ETF stock for Q3 2016, up 11% quarter-over-quarter.
- 2 funds opened new Invesco Floating Rate Municipal Income ETF positions in Q3 2016 and 4 closed out, a net change of -2 holders.
- The largest Invesco Floating Rate Municipal Income ETF buyer in Q3 2016 was Morgan Stanley, an estimated $5.75M added.
- The largest Invesco Floating Rate Municipal Income ETF seller in Q3 2016 was UBS Group, an estimated $797K sold.
Based on aggregated 13F filings for Q3 2016.