Invesco California AMT-Free Municipal Bond ETF (PWZ)

• Market cap: $1.04B
• 1 day: 0.25%
• 5 days: 0.63%
• 1 month: 3.68%
• 3 months: 2.92%
• 6 months: -1.24%
• Year to date: -2.72%
• 1 year: -4.73%
• 5 years: -13.06%
• 10 years: -4.92%
• Sector: Financials
• Industry: Asset Management

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

139% more call options, than puts

Call options by funds: $1.04M | Put options by funds: $434K

17% more capital invested

Capital invested by funds: $473M [Q1] → $553M (+$79.5M) [Q2]

7.61% more ownership

Funds ownership: 68.05% [Q1] → 75.66% (+7.61%) [Q2]

7% less funds holding

Funds holding: 120 [Q1] → 112 (-8) [Q2]

10% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 39

37% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 19

50% less funds holding in top 10

Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]