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Invesco California AMT-Free Municipal Bond ETF
PWZ

50 hedge funds and large institutions have $206M invested in Invesco California AMT-Free Municipal Bond ETF in 2019 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 4

43% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 14

11% more funds holding

Funds holding: 45 → 50 (+5)

1% less capital invested

Capital invested by funds: $209M → $206M (-$2.69M)

3.42% less ownership

Funds ownership: 65.33% → 61.9% (-3.4%)

Holders
50
Holders Change
+5
Holders Change %
+11.11%
% of All Funds
1.09%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
20
Reduced
14
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
MIAN
Mariner Independent Advisor Network
Kansas
+$2.79M
2
Bank of America
Bank of America
North Carolina
+$1.46M
3
CAN
Cetera Advisor Networks
California
+$1.36M
4
Morgan Stanley
Morgan Stanley
New York
+$1.05M
5
LPL Financial
LPL Financial
California
+$783K

Top Sellers

1
CSIA
Charles Schwab Investment Advisory
California
-$6.74M
2
RMC
Regis Management Company
California
-$3.44M
3
Ameriprise
Ameriprise
Minnesota
-$3.05M
4
BPC
Banque Pictet & Cie
Switzerland
-$1.15M
5
PNAA
Pictet North America Advisors
Switzerland
-$1.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
DWM
26
Destination Wealth Management
California
$387K +$207K +7,757 +116%
RJFSA
27
Raymond James Financial Services Advisors
Florida
$380K -$7.86K -295 -2%
PWM
28
Paulson Wealth Management
Illinois
$226K +$223K +8,373 New
GCA
29
Gradient Capital Advisors
California
$225K – – –
FFG
30
Ford Financial Group
California
$215K +$214K +8,017 New
CWS
31
Cypress Wealth Services
California
$210K +$1.33K +50 +0.6%
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$208K -$51.9K -1,948 -20%
AWM
33
AE Wealth Management
Kansas
$208K +$1.23K +46 +0.6%
EWF
34
Epstein & White Financial
California
$207K +$1.2K +45 +0.6%
NFG
35
NewFocus Financial Group
Washington
$203K +$201K +7,538 New
MM
36
Main Management
California
$199K +$197K +7,400 New
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$190K +$28.7K +1,078 +18%
Citigroup
38
Citigroup
New York
$150K -$61.3K -2,302 -29%
GRP
39
Global Retirement Partners
California
$136K +$76.1K +2,858 +130%
SPIA
40
Steward Partners Investment Advisory
New York
$104K +$104K +3,891 New
PNC Financial Services Group
41
PNC Financial Services Group
Pennsylvania
$54K – – –
BWA
42
BDO Wealth Advisors
Florida
$38K – – –
GI
43
Gradient Investments
Minnesota
$27K – – –
AIP
44
Ameritas Investment Partners
Nebraska
$20K +$19.9K +747 New
PA
45
Parallel Advisors
California
$17K +$1.78K +67 +12%
KC
46
Knuff & Co
California
$8K – – –
TRCT
47
Tower Research Capital (TRC)
New York
$8K – – –
EWM
48
Elmwood Wealth Management
California
$6K +$2.29K +86 +63%
AF
49
Allworth Financial
California
$4K – – –
BlackRock
50
BlackRock
New York
$1K -$213 -8 -22%
1
2
3

PWZ Hedge Fund Activity: Q2 2019 in Review

50 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q2 2019, worth a combined $206M — down 1.3% from $209M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new PWZ positions and 4 closed out — a net gain of 5 holders — while 20 added to existing stakes and 14 trimmed.

The largest buyer was Mariner Independent Advisor Network, opening a new position worth an estimated $2.79M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $6.74M.

  • 50 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q2 2019, up from 45 in Q1 2019.
  • Funds reported $206M of Invesco California AMT-Free Municipal Bond ETF stock for Q2 2019, down 1.3% quarter-over-quarter.
  • 9 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q2 2019 and 4 closed out, a net change of +5 holders.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q2 2019 was Mariner Independent Advisor Network, an estimated $2.79M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q2 2019 was Charles Schwab Investment Advisory, an estimated $6.74M sold.

Based on aggregated 13F filings for Q2 2019.