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Invesco California AMT-Free Municipal Bond ETF
PWZ

70 hedge funds and large institutions have $246M invested in Invesco California AMT-Free Municipal Bond ETF in 2020 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 23 increasing their positions, 14 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

64% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 14

9% more funds holding

Funds holding: 64 → 70 (+6)

0% less capital invested

Capital invested by funds: $247M → $246M (-$1.05M)

1.81% less ownership

Funds ownership: 54.9% → 53.09% (-1.8%)

Holders
70
Holders Change
+6
Holders Change %
+9.38%
% of All Funds
1.24%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
23
Reduced
14
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
+$5M
2
Ameriprise
Ameriprise
Minnesota
+$2.82M
3
Morgan Stanley
Morgan Stanley
New York
+$1.85M
4
Bank of America
Bank of America
North Carolina
+$1.67M
5
BC
Brio Consultants
California
+$781K

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$7.73M
2
Jane Street
Jane Street
New York
-$4.03M
3
CSIA
Charles Schwab Investment Advisory
California
-$2.95M
4
JWCA
J.W. Cole Advisors
Florida
-$1.08M
5
FTUS
Flow Traders U.S.
New York
-$889K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$591K -$196K -7,077 -25%
FWA
27
FOCUS Wealth Advisors
Texas
$567K +$561K +20,255 New
Susquehanna International Group
28
Susquehanna International Group
Pennsylvania
$532K +$527K +19,016 New
DWM
29
Destination Wealth Management
California
$527K +$33K +1,189 +7%
FCA
30
FLC Capital Advisors
California
$520K – – –
Rockefeller Capital Management
31
Rockefeller Capital Management
New York
$516K – – –
GCA
32
Gradient Capital Advisors
California
$486K – – –
IP
33
Intellectus Partners
California
$474K +$2.36K +85 +0.5%
BCI
34
Brinker Capital Investments
Pennsylvania
$467K -$527K -19,026 -53%
JBA
35
Johnson Bixby & Associates
Washington
$410K +$405K +14,628 New
RJFSA
36
Raymond James Financial Services Advisors
Florida
$390K -$35.5K -1,282 -8%
Commonwealth Equity Services
37
Commonwealth Equity Services
Massachusetts
$358K -$160K -5,762 -31%
PWM
38
Paulson Wealth Management
Illinois
$328K +$104K +3,759 +47%
A
39
AdvicePeriod
California
$322K – – –
Charles Schwab
40
Charles Schwab
California
$308K +$305K +11,000 New
HAS
41
HBW Advisory Services
California
$299K +$471 +17 +0.2%
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$297K +$119K +4,307 +69%
HCIA
43
Hochman Cole Investment Advisors
Illinois
$287K +$1.36K +49 +0.5%
GRP
44
Global Retirement Partners
California
$285K – – –
FTUS
45
Flow Traders U.S.
New York
$272K -$889K -32,090 -77%
OWA
46
One Wealth Advisors
California
$246K +$243K +8,779 New
MAFM
47
Mid Atlantic Financial Management
Pennsylvania
$238K -$58.6K -2,114 -20%
RFA
48
Reilly Financial Advisors
California
$227K – – –
EWF
49
Epstein & White Financial
California
$227K +$83 +3 +0%
CWS
50
Cypress Wealth Services
California
$226K +$224K +8,087 New
1
2
3

PWZ Hedge Fund Activity: Q4 2020 in Review

70 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q4 2020, worth a combined $246M — down 0.42% from $247M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PWZ positions and 4 closed out — a net gain of 7 holders — while 23 added to existing stakes and 14 trimmed.

The largest buyer was Gerber Kawasaki Wealth & Investment Management, opening a new position worth an estimated $5M. The largest seller was Citadel Advisors, exiting entirely with an estimated $7.73M sold.

  • 70 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q4 2020, up from 64 in Q3 2020.
  • Funds reported $246M of Invesco California AMT-Free Municipal Bond ETF stock for Q4 2020, down 0.42% quarter-over-quarter.
  • 11 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q4 2020 and 4 closed out, a net change of +7 holders.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q4 2020 was Gerber Kawasaki Wealth & Investment Management, an estimated $5M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q4 2020 was Citadel Advisors, an estimated $7.73M sold.

Based on aggregated 13F filings for Q4 2020.