Invesco Floating Rate Municipal Income ETF
20 hedge funds and large institutions have $24.7M invested in Invesco Floating Rate Municipal Income ETF in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 6 closing their positions.
7% more capital invested
Capital invested by funds: $23M → $24.7M (+$1.68M)
2.93% more ownership
Funds ownership: 40.15% → 43.08% (+2.9%)
9% less funds holding
Funds holding: 22 → 20 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
57% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$5.02M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$917K |
| 3 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$350K |
| 4 |
NC
NewSquare Capital
Newtown Square,
Pennsylvania
|
+$181K |
| 5 |
VNA
Valley National Advisers
Bethlehem,
Pennsylvania
|
+$20.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$1.15M |
| 2 |
Morgan Stanley
New York
|
-$966K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$861K |
| 4 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
-$765K |
| 5 |
Jane Street
New York
|
-$333K |
PVI Hedge Fund Activity: Q3 2019 in Review
20 of the 4,575 institutional investors tracked by Wall St. Rank reported a position in Invesco Floating Rate Municipal Income ETF (PVI) for Q3 2019, worth a combined $24.7M — up 7.3% from $23M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PVI and 4 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 3 added.
The largest buyer was Bank of America, adding an estimated $5.02M. The largest seller was Citadel Advisors, exiting entirely with an estimated $1.15M sold.
- 20 institutional investors held Invesco Floating Rate Municipal Income ETF (PVI) as of Q3 2019, down from 22 in Q2 2019.
- Funds reported $24.7M of Invesco Floating Rate Municipal Income ETF stock for Q3 2019, up 7.3% quarter-over-quarter.
- 4 funds opened new Invesco Floating Rate Municipal Income ETF positions in Q3 2019 and 6 closed out, a net change of -2 holders.
- The largest Invesco Floating Rate Municipal Income ETF buyer in Q3 2019 was Bank of America, an estimated $5.02M added.
- The largest Invesco Floating Rate Municipal Income ETF seller in Q3 2019 was Citadel Advisors, an estimated $1.15M sold.
Based on aggregated 13F filings for Q3 2019.