Invesco Floating Rate Municipal Income ETF
22 hedge funds and large institutions have $196M invested in Invesco Floating Rate Municipal Income ETF in 2017 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 8 reducing their positions, and 2 closing their positions.
396% more capital invested
Capital invested by funds: $39.5M → $196M (+$156M)
176.04% more ownership
Funds ownership: 63.2% → 239.25% (+176%)
8% less funds holding
Funds holding: 24 → 22 (-2)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
+$109M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.32M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.64M |
| 4 |
Jane Street
New York
|
+$413K |
| 5 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
+$6.08K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.17M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$808K |
| 3 |
Wolverine Trading
Chicago,
Illinois
|
-$735K |
| 4 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
-$298K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$245K |
PVI Hedge Fund Activity: Q1 2017 in Review
22 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Invesco Floating Rate Municipal Income ETF (PVI) for Q1 2017, worth a combined $196M — up 396% from $39.5M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of PVI and 1 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 4 added.
The largest buyer was MML Investors Services, opening a new position worth an estimated $109M. The largest seller was Morgan Stanley, cutting an estimated $1.17M.
- 22 institutional investors held Invesco Floating Rate Municipal Income ETF (PVI) as of Q1 2017, down from 24 in Q4 2016.
- Funds reported $196M of Invesco Floating Rate Municipal Income ETF stock for Q1 2017, up 396% quarter-over-quarter.
- 1 fund opened new Invesco Floating Rate Municipal Income ETF positions in Q1 2017 and 2 closed out, a net change of -1 holder.
- The largest Invesco Floating Rate Municipal Income ETF buyer in Q1 2017 was MML Investors Services, an estimated $109M added.
- The largest Invesco Floating Rate Municipal Income ETF seller in Q1 2017 was Morgan Stanley, an estimated $1.17M sold.
Based on aggregated 13F filings for Q1 2017.