We are live on ! Find out more
PWZ icon

Invesco California AMT-Free Municipal Bond ETF
PWZ

38 hedge funds and large institutions have $144M invested in Invesco California AMT-Free Municipal Bond ETF in 2017 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 15 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 4

16% more capital invested

Capital invested by funds: $124M → $144M (+$19.7M)

12% more funds holding

Funds holding: 34 → 38 (+4)

2.66% more ownership

Funds ownership: 55.9% → 58.55% (+2.7%)

33% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 15

Holders
38
Holders Change
+4
Holders Change %
+11.76%
% of All Funds
0.86%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
10
Reduced
15
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CSIA
Charles Schwab Investment Advisory
California
+$20.5M
2
Bank of America
Bank of America
North Carolina
+$2.39M
3
Goldman Sachs
Goldman Sachs
New York
+$705K
4
LNC
Lincoln National Corp
Pennsylvania
+$296K
5
Wells Fargo
Wells Fargo
California
+$276K

Top Sellers

1
BPC
Banque Pictet & Cie
Switzerland
-$1.73M
2
PNAA
Pictet North America Advisors
Switzerland
-$1.73M
3
Jane Street
Jane Street
New York
-$1.33M
4
VF
Virtu Financial
New York
-$940K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$656K
Name Holding Trade Value Shares
Change 		Change in
Stake
NFG
26
NewFocus Financial Group
Washington
$214K -$52.4K -2,000 -20%
CCM
27
Coe Capital Management
Illinois
$206K – – –
AG
28
Advisor Group
Arizona
$204K -$28.9K -1,102 -12%
DC
29
DeDora Capital
California
$201K +$199K +7,602 New
CAN
30
Cetera Advisor Networks
California
$200K -$2.51K -96 -1%
GRP
31
Global Retirement Partners
California
$196K -$3.98K -152 -2%
SWP
32
Stratos Wealth Partners
Ohio
$64K +$63.8K +2,435 New
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$53K – – –
FAAS
34
First Allied Advisory Services
California
$51K +$51.1K +1,950 New
CA
35
Calton & Associates
Florida
$39K +$39.3K +1,500 New
GI
36
Gradient Investments
Minnesota
$26K +$26.2K +1,000 New
PA
37
Parallel Advisors
California
$15K – – –
BlackRock
38
BlackRock
New York
$1K – – –
VF
39
Virtu Financial
New York
– -$940K -36,035 Closed
Susquehanna International Group
40
Susquehanna International Group
Pennsylvania
– -$656K -25,158 Closed
TSS
41
Two Sigma Securities
New York
– -$227K -8,700 Closed
IA
42
IFP Advisors
Florida
– -$47K -1,808 Closed
1
2

PWZ Hedge Fund Activity: Q4 2017 in Review

38 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q4 2017, worth a combined $144M — up 16% from $124M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new PWZ positions and 4 closed out — a net gain of 4 holders — while 10 added to existing stakes and 15 trimmed.

The largest buyer was Charles Schwab Investment Advisory, adding an estimated $20.5M. The largest seller was Banque Pictet & Cie, cutting an estimated $1.73M.

  • 38 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q4 2017, up from 34 in Q3 2017.
  • Funds reported $144M of Invesco California AMT-Free Municipal Bond ETF stock for Q4 2017, up 16% quarter-over-quarter.
  • 8 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q4 2017 and 4 closed out, a net change of +4 holders.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q4 2017 was Charles Schwab Investment Advisory, an estimated $20.5M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q4 2017 was Banque Pictet & Cie, an estimated $1.73M sold.

Based on aggregated 13F filings for Q4 2017.