Invesco Floating Rate Municipal Income ETF
PVI
21 hedge funds and large institutions have $39.7M invested in Invesco Floating Rate Municipal Income ETF in 2017 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 2 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
5% less funds holding
Funds holding: 22 → 21 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
80% less capital invested
Capital invested by funds: $196M → $39.7M (-$156M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
140.93% less ownership
Funds ownership: 189.88% → 48.94% (-141%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$270K |
| 2 |
Wolverine Trading
Chicago,
Illinois
|
+$222K |
| 3 |
Jane Street
New York
|
+$125K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$28.9K |
| 5 |
FIM
Freedom Investment Management
Hartford,
Connecticut
|
+$11.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
-$155M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$479K |
| 3 |
EWM
Empirical Wealth Management
Seattle,
Washington
|
-$346K |
| 4 |
Morgan Stanley
New York
|
-$294K |
| 5 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
-$79.9K |
PVI Hedge Fund Activity: Q2 2017 in Review
21 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Invesco Floating Rate Municipal Income ETF (PVI) for Q2 2017, worth a combined $39.7M — down 80% from $196M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of PVI and 1 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 6 added.
The largest buyer was Karpus Investment Management, adding an estimated $270K. The largest seller was MML Investors Services, exiting entirely with an estimated $155M sold.
- 21 institutional investors held Invesco Floating Rate Municipal Income ETF (PVI) as of Q2 2017, down from 22 in Q1 2017.
- Funds reported $39.7M of Invesco Floating Rate Municipal Income ETF stock for Q2 2017, down 80% quarter-over-quarter.
- 1 fund opened new Invesco Floating Rate Municipal Income ETF positions in Q2 2017 and 2 closed out, a net change of -1 holder.
- The largest Invesco Floating Rate Municipal Income ETF buyer in Q2 2017 was Karpus Investment Management, an estimated $270K added.
- The largest Invesco Floating Rate Municipal Income ETF seller in Q2 2017 was MML Investors Services, an estimated $155M sold.
Based on aggregated 13F filings for Q2 2017.