Invesco Floating Rate Municipal Income ETF
24 hedge funds and large institutions have $24.8M invested in Invesco Floating Rate Municipal Income ETF in 2018 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
4% more funds holding
Funds holding: 23 → 24 (+1)
14.64% less ownership
Funds ownership: 54.54% → 39.9% (-15%)
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
46% less capital invested
Capital invested by funds: $46.2M → $24.8M (-$21.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$1.17M |
| 2 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
+$833K |
| 3 |
Morgan Stanley
New York
|
+$479K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$431K |
| 5 |
PFG
Piershale Financial Group
Barrington,
Illinois
|
+$338K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$20.6M |
| 2 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
-$953K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$876K |
| 4 |
CCA
Clearwater Capital Advisors
Hoffman Estates,
Illinois
|
-$781K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$547K |
PVI Hedge Fund Activity: Q1 2018 in Review
24 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Invesco Floating Rate Municipal Income ETF (PVI) for Q1 2018, worth a combined $24.8M — down 46% from $46.2M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new PVI positions and 3 closed out — a net gain of 1 holder — while 6 added to existing stakes and 10 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $1.17M. The largest seller was Karpus Investment Management, cutting an estimated $20.6M.
- 24 institutional investors held Invesco Floating Rate Municipal Income ETF (PVI) as of Q1 2018, up from 23 in Q4 2017.
- Funds reported $24.8M of Invesco Floating Rate Municipal Income ETF stock for Q1 2018, down 46% quarter-over-quarter.
- 4 funds opened new Invesco Floating Rate Municipal Income ETF positions in Q1 2018 and 3 closed out, a net change of +1 holder.
- The largest Invesco Floating Rate Municipal Income ETF buyer in Q1 2018 was Jane Street, an estimated $1.17M added.
- The largest Invesco Floating Rate Municipal Income ETF seller in Q1 2018 was Karpus Investment Management, an estimated $20.6M sold.
Based on aggregated 13F filings for Q1 2018.