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Invesco California AMT-Free Municipal Bond ETF
PWZ

64 hedge funds and large institutions have $247M invested in Invesco California AMT-Free Municipal Bond ETF in 2020 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 26 increasing their positions, 9 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

189% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 9

57% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 7

7% more funds holding

Funds holding: 60 → 64 (+4)

1% less capital invested

Capital invested by funds: $249M → $247M (-$1.59M)

3.03% less ownership

Funds ownership: 57.93% → 54.9% (-3%)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $222K

Holders
64
Holders Change
+4
Holders Change %
+6.67%
% of All Funds
1.29%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
26
Reduced
9
Closed
7
Calls
–
Puts
$222K
Net Calls
-$222K
Net Calls Change
-$222K

Top Buyers

Rank Fund Capital Flow
1
MMA
Miracle Mile Advisors
California
+$2.32M
2
LPL Financial
LPL Financial
California
+$1.96M
3
BRWM
B. Riley Wealth Management
Tennessee
+$1.62M
4
BC
Brio Consultants
California
+$1.22M
5
FTUS
Flow Traders U.S.
New York
+$1.16M

Top Sellers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
-$8.41M
2
Citadel Advisors
Citadel Advisors
Florida
-$5.98M
3
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
-$4.07M
4
Jane Street
Jane Street
New York
-$1.51M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
DCM
26
Dimension Capital Management
Florida
$724K – – –
CCM
27
Coe Capital Management
Illinois
$635K – – –
CCFM
28
Clear Creek Financial Management
Washington
$634K +$636K +22,972 New
LNC
29
Lincoln National Corp
Pennsylvania
$618K +$304 +11 +0%
AA
30
Apriem Advisors
California
$563K +$565K +20,400 New
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$512K +$57.3K +2,069 +13%
Rockefeller Capital Management
32
Rockefeller Capital Management
New York
$509K – – –
FCA
33
FLC Capital Advisors
California
$508K – – –
PAS
34
Partnervest Advisory Services
California
$501K -$57.9K -2,093 -10%
DWM
35
Destination Wealth Management
California
$487K – – –
GCA
36
Gradient Capital Advisors
California
$479K +$248K +8,960 +107%
IP
37
Intellectus Partners
California
$465K +$76.9K +2,779 +20%
RJFSA
38
Raymond James Financial Services Advisors
Florida
$420K -$25.7K -929 -6%
A
39
AdvicePeriod
California
$317K – – –
HAS
40
HBW Advisory Services
California
$294K +$8.36K +302 +3%
MAFM
41
Mid Atlantic Financial Management
Pennsylvania
$293K +$21.4K +772 +8%
GRP
42
Global Retirement Partners
California
$281K – – –
HCIA
43
Hochman Cole Investment Advisors
Illinois
$281K +$282K +10,192 New
EWF
44
Epstein & White Financial
California
$225K +$194 +7 +0.1%
RFA
45
Reilly Financial Advisors
California
$224K – – –
PWM
46
Paulson Wealth Management
Illinois
$220K +$220K +7,965 New
MCM
47
Mattern Capital Management
Colorado
$207K +$207K +7,491 New
MM
48
Main Management
California
$204K – – –
NFG
49
NewFocus Financial Group
Washington
$200K +$201K +7,252 New
Citigroup
50
Citigroup
New York
$197K – – –
1
2
3

PWZ Hedge Fund Activity: Q3 2020 in Review

64 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q3 2020, worth a combined $247M — down 0.64% from $249M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PWZ positions and 7 closed out — a net gain of 4 holders — while 26 added to existing stakes and 9 trimmed.

The largest buyer was Miracle Mile Advisors, adding an estimated $2.32M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $8.41M.

  • 64 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q3 2020, up from 60 in Q2 2020.
  • Funds reported $247M of Invesco California AMT-Free Municipal Bond ETF stock for Q3 2020, down 0.64% quarter-over-quarter.
  • 11 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q3 2020 and 7 closed out, a net change of +4 holders.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q3 2020 was Miracle Mile Advisors, an estimated $2.32M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q3 2020 was Charles Schwab Investment Advisory, an estimated $8.41M sold.

Based on aggregated 13F filings for Q3 2020.