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Invesco California AMT-Free Municipal Bond ETF
PWZ

73 hedge funds and large institutions have $299M invested in Invesco California AMT-Free Municipal Bond ETF in 2021 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 27 increasing their positions, 14 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

93% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 14

45% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 11

12% more capital invested

Capital invested by funds: $266M → $299M (+$32.5M)

7% more funds holding

Funds holding: 68 → 73 (+5)

1.47% more ownership

Funds ownership: 51.47% → 52.93% (+1.5%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
73
Holders Change
+5
Holders Change %
+7.35%
% of All Funds
1.12%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
16
Increased
27
Reduced
14
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CSIA
Charles Schwab Investment Advisory
California
+$19.3M
2
Jane Street
Jane Street
New York
+$7.13M
3
MIAN
Mariner Independent Advisor Network
Kansas
+$3.4M
4
MWM
McNaughton Wealth Management
California
+$1.85M
5
BRWA
B. Riley Wealth Advisors
Florida
+$1.73M

Top Sellers

1
MMA
Miracle Mile Advisors
California
-$8.12M
2
Ameriprise
Ameriprise
Minnesota
-$1.55M
3
FTUS
Flow Traders U.S.
New York
-$561K
4
GRP
Global Retirement Partners
California
-$477K
5
Creative Planning
Creative Planning
Kansas
-$440K
Name Holding Trade Value Shares
Change 		Change in
Stake
OMC
26
Old Mission Capital
Illinois
$955K +$525K +18,870 +123%
AA
27
Apriem Advisors
California
$864K +$5.56K +200 +0.7%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$776K -$9.09K -327 -1%
DWM
29
Destination Wealth Management
California
$766K +$215K +7,738 +39%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$737K +$141K +5,078 +24%
NA
31
NewEdge Advisors
Louisiana
$715K +$712K +25,616 New
LNC
32
Lincoln National Corp
Pennsylvania
$676K +$584 +21 +0.1%
SI
33
SimpliFi Inc
California
$580K +$306K +11,002 +112%
FWA
34
FOCUS Wealth Advisors
Texas
$569K +$40K +1,440 +8%
JCA
35
January Capital Advisors
California
$539K +$537K +19,313 New
ACI
36
Alpha Cubed Investments
California
$496K – – –
ACA
37
Atlas Capital Advisors
Wyoming
$444K – – –
CAN
38
Cetera Advisor Networks
California
$433K +$1.56K +56 +0.4%
JBA
39
Johnson Bixby & Associates
Washington
$418K +$2.34K +84 +0.6%
RJFSA
40
Raymond James Financial Services Advisors
Florida
$386K -$14.5K -521 -4%
FCA
41
FLC Capital Advisors
California
$331K – – –
WP
42
WealthSource Partners
California
$328K +$327K +11,758 New
CW
43
CreativeOne Wealth
Kansas
$323K +$973 +35 +0.3%
OIA
44
OneDigital Investment Advisors
Kansas
$322K +$321K +11,531 New
Mercer Global Advisors
45
Mercer Global Advisors
Colorado
$314K – – –
MCM
46
Mattern Capital Management
Colorado
$289K -$10.1K -362 -3%
PAG
47
Private Advisor Group
New Jersey
$286K -$285K -10,237 -50%
ES
48
Eagle Strategies
New York
$285K +$284K +10,222 New
Rockefeller Capital Management
49
Rockefeller Capital Management
New York
$265K – – –
LWAC
50
Laurel Wealth Advisors (California)
California
$245K +$244K +8,781 New
1
2
3 4

PWZ Hedge Fund Activity: Q4 2021 in Review

73 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q4 2021, worth a combined $299M — up 12% from $266M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new PWZ positions and 11 closed out — a net gain of 5 holders — while 27 added to existing stakes and 14 trimmed.

The largest buyer was Charles Schwab Investment Advisory, adding an estimated $19.3M. The largest seller was Miracle Mile Advisors, exiting entirely with an estimated $8.12M sold.

  • 73 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q4 2021, up from 68 in Q3 2021.
  • Funds reported $299M of Invesco California AMT-Free Municipal Bond ETF stock for Q4 2021, up 12% quarter-over-quarter.
  • 16 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q4 2021 and 11 closed out, a net change of +5 holders.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q4 2021 was Charles Schwab Investment Advisory, an estimated $19.3M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q4 2021 was Miracle Mile Advisors, an estimated $8.12M sold.

Based on aggregated 13F filings for Q4 2021.