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Invesco California AMT-Free Municipal Bond ETF
PWZ

56 hedge funds and large institutions have $207M invested in Invesco California AMT-Free Municipal Bond ETF in 2019 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 26 increasing their positions, 9 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 2

189% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 9

12% more funds holding

Funds holding: 50 → 56 (+6)

0% more capital invested

Capital invested by funds: $206M → $207M (+$466K)

2.62% less ownership

Funds ownership: 61.9% → 59.28% (-2.6%)

Holders
56
Holders Change
+6
Holders Change %
+12%
% of All Funds
1.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
26
Reduced
9
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WP
WealthSource Partners
California
+$1.23M
2
DADC
D.A. Davidson & Co
Montana
+$1.15M
3
Bank of America
Bank of America
North Carolina
+$1.06M
4
DCM
Dimension Capital Management
Florida
+$716K
5
AA
Apriem Advisors
California
+$627K

Top Sellers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
-$4.94M
2
FCA
FLC Capital Advisors
California
-$3.55M
3
Jane Street
Jane Street
New York
-$3.37M
4
AWM
AE Wealth Management
Kansas
-$208K
5
Wells Fargo
Wells Fargo
California
-$179K
Name Holding Trade Value Shares
Change 		Change in
Stake
LNC
26
Lincoln National Corp
Pennsylvania
$556K -$7.12K -261 -1%
Jane Street
27
Jane Street
New York
$545K -$3.37M -123,424 -86%
BCI
28
Brinker Capital Investments
Pennsylvania
$530K -$86.7K -3,177 -14%
DWM
29
Destination Wealth Management
California
$485K +$90K +3,299 +23%
RJFSA
30
Raymond James Financial Services Advisors
Florida
$432K +$45.1K +1,654 +12%
AG
31
Advisor Group
Arizona
$424K -$95.6K -3,505 -18%
ACA
32
Atlas Capital Advisors
Wyoming
$417K +$416K +15,251 New
GRP
33
Global Retirement Partners
California
$350K +$211K +7,724 +153%
Susquehanna International Group
34
Susquehanna International Group
Pennsylvania
$320K +$320K +11,716 New
PWM
35
Paulson Wealth Management
Illinois
$296K +$66.6K +2,442 +29%
EWF
36
Epstein & White Financial
California
$258K +$46.8K +1,714 +22%
Rockefeller Capital Management
37
Rockefeller Capital Management
New York
$245K +$245K +8,961 New
GCA
38
Gradient Capital Advisors
California
$229K – – –
RFA
39
Reilly Financial Advisors
California
$222K +$221K +8,116 New
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$221K +$9K +330 +4%
FFG
41
Ford Financial Group
California
$220K +$1.36K +50 +0.6%
CWS
42
Cypress Wealth Services
California
$215K +$1.31K +48 +0.6%
NFG
43
NewFocus Financial Group
Washington
$206K – – –
MM
44
Main Management
California
$202K – – –
LTFS
45
Ladenburg Thalmann Financial Services
Florida
$191K -$2.35K -86 -1%
Citigroup
46
Citigroup
New York
$168K +$15.3K +560 +10%
AIP
47
Ameritas Investment Partners
Nebraska
$112K +$92.1K +3,375 +452%
SPIA
48
Steward Partners Investment Advisory
New York
$106K – – –
PNC Financial Services Group
49
PNC Financial Services Group
Pennsylvania
$55K – – –
BWA
50
BDO Wealth Advisors
Florida
$38K – – –
1
2
3

PWZ Hedge Fund Activity: Q3 2019 in Review

56 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q3 2019, worth a combined $207M — up 0.23% from $206M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new PWZ positions and 2 closed out — a net gain of 6 holders — while 26 added to existing stakes and 9 trimmed.

The largest buyer was WealthSource Partners, opening a new position worth an estimated $1.23M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $4.94M.

  • 56 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q3 2019, up from 50 in Q2 2019.
  • Funds reported $207M of Invesco California AMT-Free Municipal Bond ETF stock for Q3 2019, up 0.23% quarter-over-quarter.
  • 8 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q3 2019 and 2 closed out, a net change of +6 holders.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q3 2019 was WealthSource Partners, an estimated $1.23M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q3 2019 was Charles Schwab Investment Advisory, an estimated $4.94M sold.

Based on aggregated 13F filings for Q3 2019.