Invesco California AMT-Free Municipal Bond ETF
29 hedge funds and large institutions have $94.5M invested in Invesco California AMT-Free Municipal Bond ETF in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 9 reducing their positions, and 7 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 9
9% less funds holding
Funds holding: 32 → 29 (-3)
39.39% less ownership
Funds ownership: 90.65% → 51.27% (-39%)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
49% less capital invested
Capital invested by funds: $185M → $94.5M (-$90.1M)
Top Buyers
Top Sellers
| 1 |
Credit Agricole
Montrouge Cedex,
France
|
-$101M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$4.98M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.47M |
| 4 |
Jane Street
New York
|
-$2.9M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$373K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $52K | – | – | – |
|
|
IA
27
IFP Advisors
Tampa,
Florida
| $47K | -$18.7K | -725 | -29% |
|
|
PA
28
Parallel Advisors
San Francisco,
California
| $15K | – | – | – |
|
29
BlackRock
New York
| $1K | +$1K | +39 | New |
|
|
30
Credit Agricole
Montrouge Cedex,
France
| – | -$101M | -2,938,864 | Closed |
|
|
VKH
31
Virtu KCG Holdings
New York
| – | -$373K | -14,710 | Closed |
|
32
Citadel Advisors
Miami,
Florida
| – | -$239K | -9,434 | Closed |
|
|
TSS
33
Two Sigma Securities
New York
| – | -$238K | -9,390 | Closed |
|
|
CAN
34
Cetera Advisor Networks
El Segundo,
California
| – | -$232K | -9,165 | Closed |
|
35
Creative Planning
Overland Park,
Kansas
| – | -$51K | -2,000 | Closed |
|
|
ADL
36
Asset Dedication LLC
San Francisco,
California
| – | -$30K | -1,190 | Closed |
|
PWZ Hedge Fund Activity: Q2 2017 in Review
29 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q2 2017, worth a combined $94.5M — down 49% from $185M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PWZ and 4 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 10 added.
The largest buyer was Charles Schwab Investment Advisory, adding an estimated $18.9M. The largest seller was Credit Agricole, exiting entirely with an estimated $101M sold.
- 29 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q2 2017, down from 32 in Q1 2017.
- Funds reported $94.5M of Invesco California AMT-Free Municipal Bond ETF stock for Q2 2017, down 49% quarter-over-quarter.
- 4 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q2 2017 and 7 closed out, a net change of -3 holders.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q2 2017 was Charles Schwab Investment Advisory, an estimated $18.9M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q2 2017 was Credit Agricole, an estimated $101M sold.
Based on aggregated 13F filings for Q2 2017.