Invesco California AMT-Free Municipal Bond ETF
37 hedge funds and large institutions have $124M invested in Invesco California AMT-Free Municipal Bond ETF in 2018 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 13 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
9% more funds holding
Funds holding: 34 → 37 (+3)
4.32% less ownership
Funds ownership: 57.51% → 53.18% (-4.3%)
14% less capital invested
Capital invested by funds: $144M → $124M (-$20.1M)
23% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$6.38M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.74M |
| 3 |
KeyBank National Association
Cleveland,
Ohio
|
+$323K |
| 4 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$297K |
| 5 |
TSS
Two Sigma Securities
New York
|
+$284K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
-$25.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.7M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.39M |
| 4 |
EWF
Epstein & White Financial
San Diego,
California
|
-$138K |
| 5 |
GRP
Global Retirement Partners
San Rafael,
California
|
-$132K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TSS
26
Two Sigma Securities
New York
| $280K | +$284K | +11,001 | New |
|
|
LTFS
27
Ladenburg Thalmann Financial Services
Miami,
Florida
| $239K | +$19.2K | +744 | +9% |
|
28
Citigroup
New York
| $227K | -$20.6K | -797 | -8% |
|
|
GCA
29
Gradient Capital Advisors
San Diego,
California
| $214K | – | – | – |
|
|
DWM
30
Destination Wealth Management
Walnut Creek,
California
| $170K | – | – | – |
|
|
GRP
31
Global Retirement Partners
San Rafael,
California
| $56K | -$132K | -5,129 | -70% |
|
32
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $51K | – | – | – |
|
|
GI
33
Gradient Investments
Arden Hills,
Minnesota
| $26K | – | – | – |
|
|
PA
34
Parallel Advisors
San Francisco,
California
| $14K | – | – | – |
|
|
AF
35
Allworth Financial
Folsom,
California
| $4K | +$4K | +155 | New |
|
|
EWM
36
Elmwood Wealth Management
Berkeley,
California
| $2.32K | -$26 | -1 | -1% |
|
37
BlackRock
New York
| $1K | – | – | – |
|
38
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$98K | -3,800 | Closed |
|
|
CF
39
Centaurus Financial
Anaheim,
California
| – | -$94K | -3,620 | Closed |
|
PWZ Hedge Fund Activity: Q3 2018 in Review
37 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q3 2018, worth a combined $124M — down 14% from $144M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PWZ positions and 3 closed out — a net gain of 3 holders — while 10 added to existing stakes and 13 trimmed.
The largest buyer was Jane Street, adding an estimated $6.38M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $25.8M.
- 37 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q3 2018, up from 34 in Q2 2018.
- Funds reported $124M of Invesco California AMT-Free Municipal Bond ETF stock for Q3 2018, down 14% quarter-over-quarter.
- 6 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q3 2018 and 3 closed out, a net change of +3 holders.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q3 2018 was Jane Street, an estimated $6.38M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q3 2018 was Charles Schwab Investment Advisory, an estimated $25.8M sold.
Based on aggregated 13F filings for Q3 2018.