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Invesco California AMT-Free Municipal Bond ETF
PWZ

69 hedge funds and large institutions have $348M invested in Invesco California AMT-Free Municipal Bond ETF in 2023 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 18 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 18

0% more funds holding

Funds holding: 69 → 69 (0)

0% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 10

2% less capital invested

Capital invested by funds: $356M → $348M (-$8.01M)

1.3% less ownership

Funds ownership: 62.85% → 61.55% (-1.3%)

Holders
69
Holders Change
–
Holders Change %
0%
% of All Funds
1.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
26
Reduced
18
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$5.44M
2
OPS
Orion Portfolio Solutions
Nebraska
+$2.17M
3
SW
SteelPeak Wealth
California
+$2.05M
4
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
+$1.77M
5
CSIA
Charles Schwab Investment Advisory
California
+$1.46M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$26M
2
FTUS
Flow Traders U.S.
New York
-$4.08M
3
Renaissance Technologies
Renaissance Technologies
New York
-$3.03M
4
Bank of America
Bank of America
North Carolina
-$774K
5
Morgan Stanley
Morgan Stanley
New York
-$505K
Name Holding Trade Value Shares
Change 		Change in
Stake
MMA
26
Miracle Mile Advisors
California
$705K +$18.4K +747 +3%
AAS
27
Avantax Advisory Services
Texas
$673K +$85.5K +3,479 +15%
Fisher Asset Management
28
Fisher Asset Management
Washington
$644K – – –
RJFSA
29
Raymond James Financial Services Advisors
Florida
$607K -$52.5K -2,139 -8%
FWA
30
FOCUS Wealth Advisors
Texas
$528K -$4.91K -200 -0.9%
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$505K -$4.35K -177 -0.9%
ACI
32
Alpha Cubed Investments
California
$441K – – –
MWM
33
Mission Wealth Management
California
$423K +$2.95K +120 +0.7%
SM
34
Sweeney & Michel
California
$394K +$393K +16,000 New
MCM
35
Mattern Capital Management
Colorado
$386K +$12.2K +496 +3%
JBA
36
Johnson Bixby & Associates
Washington
$383K +$2.65K +108 +0.7%
Royal Bank of Canada
37
Royal Bank of Canada
Ontario, Canada
$371K -$10.6K -432 -3%
BRWA
38
B. Riley Wealth Advisors
Florida
$360K -$305K -12,435 -46%
WA
39
Waddell & Associates
Tennessee
$350K – – –
Envestnet Asset Management
40
Envestnet Asset Management
Illinois
$345K -$64.1K -2,610 -16%
GRP
41
Global Retirement Partners
California
$344K +$614 +25 +0.2%
BC
42
Brio Consultants
California
$341K +$295 +12 +0.1%
Cetera Investment Advisers
43
Cetera Investment Advisers
Illinois
$334K +$95.9K +3,902 +41%
CAN
44
Cetera Advisor Networks
California
$328K +$811 +33 +0.2%
APP
45
Avantax Planning Partners
Iowa
$304K -$4.99K -203 -2%
Cerity Partners
46
Cerity Partners
New York
$297K +$294K +11,980 New
PIA
47
Perennial Investment Advisors
California
$265K +$263K +10,699 New
Creative Planning
48
Creative Planning
Kansas
$260K – – –
FFA
49
First Foundation Advisors
California
$256K +$254K +10,353 New
Wealthfront Advisers
50
Wealthfront Advisers
California
$242K +$240K +9,769 New
1
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PWZ Hedge Fund Activity: Q1 2023 in Review

69 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q1 2023, worth a combined $348M — down 2.2% from $356M a quarter earlier.

Fund positioning in PWZ was balanced in Q1 2023: 10 funds opened new positions, 10 closed out, 26 added to existing stakes and 18 trimmed.

The largest buyer was Wells Fargo, adding an estimated $5.44M. The largest seller was Jane Street, cutting an estimated $26M.

  • 69 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q1 2023, unchanged from Q4 2022.
  • Funds reported $348M of Invesco California AMT-Free Municipal Bond ETF stock for Q1 2023, down 2.2% quarter-over-quarter.
  • 10 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q1 2023 and 10 closed out, a net change of 0 holders.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q1 2023 was Wells Fargo, an estimated $5.44M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q1 2023 was Jane Street, an estimated $26M sold.

Based on aggregated 13F filings for Q1 2023.