Invesco Floating Rate Municipal Income ETF
24 hedge funds and large institutions have $39.5M invested in Invesco Floating Rate Municipal Income ETF in 2016 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 0 closing their positions.
63.2% more ownership
Funds ownership: 0% → 63.2% (+63%)
60% more capital invested
Capital invested by funds: $24.6M → $39.5M (+$14.9M)
26% more funds holding
Funds holding: 19 → 24 (+5)
29% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$18.7M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.59M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$768K |
| 4 |
Wolverine Trading
Chicago,
Illinois
|
+$734K |
| 5 |
Jane Street
New York
|
+$347K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.66M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.96M |
| 3 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
-$167K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$15.8K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$4.24K |
PVI Hedge Fund Activity: Q4 2016 in Review
24 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Invesco Floating Rate Municipal Income ETF (PVI) for Q4 2016, worth a combined $39.5M — up 60% from $24.6M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PVI positions and 0 closed out — a net gain of 5 holders — while 5 added to existing stakes and 7 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $18.7M. The largest seller was Morgan Stanley, cutting an estimated $5.66M.
- 24 institutional investors held Invesco Floating Rate Municipal Income ETF (PVI) as of Q4 2016, up from 19 in Q3 2016.
- Funds reported $39.5M of Invesco Floating Rate Municipal Income ETF stock for Q4 2016, up 60% quarter-over-quarter.
- 5 funds opened new Invesco Floating Rate Municipal Income ETF positions in Q4 2016 and 0 closed out, a net change of +5 holders.
- The largest Invesco Floating Rate Municipal Income ETF buyer in Q4 2016 was Karpus Investment Management, an estimated $18.7M added.
- The largest Invesco Floating Rate Municipal Income ETF seller in Q4 2016 was Morgan Stanley, an estimated $5.66M sold.
Based on aggregated 13F filings for Q4 2016.