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Invesco California AMT-Free Municipal Bond ETF
PWZ

68 hedge funds and large institutions have $375M invested in Invesco California AMT-Free Municipal Bond ETF in 2022 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 24 increasing their positions, 25 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.19% more ownership

Funds ownership: 61.43% → 64.62% (+3.2%)

1% less capital invested

Capital invested by funds: $378M → $375M (-$2.55M)

4% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 25

8% less funds holding

Funds holding: 74 → 68 (-6)

45% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 11

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
68
Holders Change
-6
Holders Change %
-8.11%
% of All Funds
1.17%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
6
Increased
24
Reduced
25
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CSIA
Charles Schwab Investment Advisory
California
+$73.5M
2
Wells Fargo
Wells Fargo
California
+$3.05M
3
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
+$2.83M
4
BCI
Brinker Capital Investments
Pennsylvania
+$1.97M
5
EWA
EP Wealth Advisors
California
+$1.01M

Top Sellers

1
Jane Street
Jane Street
New York
-$29.6M
2
BC
Brio Consultants
California
-$16.7M
3
UBS Group
UBS Group
Switzerland
-$3.27M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.85M
5
RMC
Regis Management Company
California
-$2.43M
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
26
Raymond James Financial Services Advisors
Florida
$613K +$40.7K +1,662 +7%
SI
27
SimpliFi Inc
California
$597K +$4.92K +201 +0.8%
AAS
28
Avantax Advisory Services
Texas
$532K +$562K +22,950 New
RPCA
29
Running Point Capital Advisors
California
$528K -$380K -15,524 -41%
LNC
30
Lincoln National Corp
Pennsylvania
$528K +$367 +15 +0.1%
Susquehanna International Group
31
Susquehanna International Group
Pennsylvania
$519K -$2.85M -116,186 -84%
DWM
32
Destination Wealth Management
California
$500K – – –
FWA
33
FOCUS Wealth Advisors
Texas
$499K -$3.06K -125 -0.6%
FTUS
34
Flow Traders U.S.
New York
$485K -$1.56M -63,771 -75%
Cambridge Investment Research Advisors
35
Cambridge Investment Research Advisors
Iowa
$455K – – –
KCM
36
Karp Capital Management
California
$452K +$20.8K +850 +5%
WP
37
WealthSource Partners
California
$440K -$1.01M -41,228 -68%
WAP
38
Wealthcare Advisory Partners
Pennsylvania
$436K +$108K +4,410 +31%
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$432K -$136K -5,559 -23%
AA
40
Apriem Advisors
California
$432K -$19.6K -800 -4%
ACI
41
Alpha Cubed Investments
California
$412K – – –
Envestnet Asset Management
42
Envestnet Asset Management
Illinois
$391K +$174K +7,114 +73%
MCM
43
Mattern Capital Management
Colorado
$386K +$409K +16,681 New
DADC
44
D.A. Davidson & Co
Montana
$371K +$180K +7,339 +85%
OPS
45
Orion Portfolio Solutions
Nebraska
$369K +$390K +15,932 New
JBA
46
Johnson Bixby & Associates
Washington
$353K +$2.92K +119 +0.8%
KW
47
KWB Wealth
California
$340K +$359K +14,671 New
GRP
48
Global Retirement Partners
California
$328K +$12.7K +518 +4%
CAN
49
Cetera Advisor Networks
California
$298K -$6.03K -246 -2%
Royal Bank of Canada
50
Royal Bank of Canada
Ontario, Canada
$295K +$73 +3 +0%
1
2
3 4

PWZ Hedge Fund Activity: Q3 2022 in Review

68 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q3 2022, worth a combined $375M — down 0.68% from $378M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of PWZ and 6 opened new positions — a net loss of 5 holders — while 25 trimmed existing stakes and 24 added.

The largest buyer was Charles Schwab Investment Advisory, adding an estimated $73.5M. The largest seller was Jane Street, exiting entirely with an estimated $29.6M sold.

  • 68 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q3 2022, down from 74 in Q2 2022.
  • Funds reported $375M of Invesco California AMT-Free Municipal Bond ETF stock for Q3 2022, down 0.68% quarter-over-quarter.
  • 6 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q3 2022 and 11 closed out, a net change of -5 holders.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q3 2022 was Charles Schwab Investment Advisory, an estimated $73.5M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q3 2022 was Jane Street, an estimated $29.6M sold.

Based on aggregated 13F filings for Q3 2022.