Invesco California AMT-Free Municipal Bond ETF
32 hedge funds and large institutions have $185M invested in Invesco California AMT-Free Municipal Bond ETF in 2017 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 14 reducing their positions, and 3 closing their positions.
86% more capital invested
Capital invested by funds: $99.3M → $185M (+$85.4M)
37.35% more ownership
Funds ownership: 53.31% → 90.65% (+37%)
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
0% more funds holding
Funds holding: 32 → 32 (0)
29% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 14
Top Buyers
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GRP
26
Global Retirement Partners
San Rafael,
California
| $192K | – | – | – |
|
|
LTFS
27
Ladenburg Thalmann Financial Services
Miami,
Florida
| $67K | +$41.2K | +1,629 | +163% |
|
|
IA
28
IFP Advisors
Tampa,
Florida
| $64K | -$25.3K | -1,000 | -28% |
|
29
Creative Planning
Overland Park,
Kansas
| $51K | – | – | – |
|
30
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $51K | – | – | – |
|
|
ADL
31
Asset Dedication LLC
San Francisco,
California
| $30K | – | – | – |
|
|
PA
32
Parallel Advisors
San Francisco,
California
| $14K | -$36.5K | -1,442 | -72% |
|
|
RJFSA
33
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$6.35M | -250,856 | Closed |
|
|
RMC
34
Regis Management Company
Menlo Park,
California
| – | -$2.13M | -84,208 | Closed |
|
|
CG
35
Caprock Group
Boise,
Idaho
| – | -$218K | -8,593 | Closed |
|
PWZ Hedge Fund Activity: Q1 2017 in Review
32 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q1 2017, worth a combined $185M — up 86% from $99.3M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new PWZ positions and 3 closed out — a net gain of 1 holder — while 10 added to existing stakes and 14 trimmed.
The largest buyer was Credit Agricole, opening a new position worth an estimated $74.4M. The largest seller was Wells Fargo, cutting an estimated $20.6M.
- 32 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q1 2017, unchanged from Q4 2016.
- Funds reported $185M of Invesco California AMT-Free Municipal Bond ETF stock for Q1 2017, up 86% quarter-over-quarter.
- 4 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q1 2017 and 3 closed out, a net change of +1 holder.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q1 2017 was Credit Agricole, an estimated $74.4M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q1 2017 was Wells Fargo, an estimated $20.6M sold.
Based on aggregated 13F filings for Q1 2017.