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Invesco California AMT-Free Municipal Bond ETF
PWZ

68 hedge funds and large institutions have $383M invested in Invesco California AMT-Free Municipal Bond ETF in 2023 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 26 increasing their positions, 19 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 19

10% more capital invested

Capital invested by funds: $348M → $383M (+$34.7M)

0% more ownership

Funds ownership: 61.55% → 61.55% (+0%)

1% less funds holding

Funds holding: 69 → 68 (-1)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

Holders
68
Holders Change
-1
Holders Change %
-1.45%
% of All Funds
1.07%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
26
Reduced
19
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FFA
First Foundation Advisors
California
+$15.8M
2
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
+$6.83M
3
BWM
Boyd Wealth Management
California
+$5.46M
4
FTUS
Flow Traders U.S.
New York
+$2.14M
5
BCI
Brinker Capital Investments
Pennsylvania
+$1.95M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$5.68M
2
CSIA
Charles Schwab Investment Advisory
California
-$1.38M
3
WSWA
Warren Street Wealth Advisors
California
-$707K
4
UBS Group
UBS Group
Switzerland
-$694K
5
Wells Fargo
Wells Fargo
California
-$442K
Name Holding Trade Value Shares
Change 		Change in
Stake
MWM
26
McNaughton Wealth Management
California
$1.47M +$85.2K +3,460 +6%
ACA
27
Affinity Capital Advisors
California
$1.35M +$1.35M +54,604 New
LPAM
28
Lodestar Private Asset Management
California
$1.1M -$6.48K -263 -0.6%
OFG
29
Omega Financial Group
California
$958K -$74.4K -3,019 -7%
Fisher Asset Management
30
Fisher Asset Management
Washington
$650K +$9.63K +391 +2%
AAS
31
Avantax Advisory Services
Texas
$611K -$57.9K -2,351 -9%
Cerity Partners
32
Cerity Partners
New York
$610K +$315K +12,772 +107%
FWA
33
FOCUS Wealth Advisors
Texas
$523K -$2.71K -110 -0.5%
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$502K – – –
MCM
35
Mattern Capital Management
Colorado
$495K +$110K +4,479 +29%
MMA
36
Miracle Mile Advisors
California
$476K -$226K -9,173 -32%
GRP
37
Global Retirement Partners
California
$465K +$123K +4,985 +36%
ACI
38
Alpha Cubed Investments
California
$438K – – –
Envestnet Asset Management
39
Envestnet Asset Management
Illinois
$426K +$83.1K +3,373 +24%
MWM
40
Mission Wealth Management
California
$424K +$2.98K +121 +0.7%
SM
41
Sweeney & Michel
California
$391K – – –
RJFSA
42
Raymond James Financial Services Advisors
Florida
$371K -$233K -9,443 -39%
Royal Bank of Canada
43
Royal Bank of Canada
Ontario, Canada
$364K -$4.93K -200 -1%
WA
44
Waddell & Associates
Tennessee
$348K – – –
CAN
45
Cetera Advisor Networks
California
$328K +$1.45K +59 +0.4%
APP
46
Avantax Planning Partners
Iowa
$303K – – –
Commonwealth Equity Services
47
Commonwealth Equity Services
Massachusetts
$298K -$255K -10,348 -46%
BC
48
Brio Consultants
California
$290K -$49.2K -1,998 -14%
AIP
49
Ameritas Investment Partners
Nebraska
$267K +$77.6K +3,150 +41%
PIA
50
Perennial Investment Advisors
California
$265K +$1.23K +50 +0.5%
1
2
3 4

PWZ Hedge Fund Activity: Q2 2023 in Review

68 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q2 2023, worth a combined $383M — up 10% from $348M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of PWZ and 9 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 26 added.

The largest buyer was First Foundation Advisors, adding an estimated $15.8M. The largest seller was Jane Street, cutting an estimated $5.68M.

  • 68 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q2 2023, down from 69 in Q1 2023.
  • Funds reported $383M of Invesco California AMT-Free Municipal Bond ETF stock for Q2 2023, up 10% quarter-over-quarter.
  • 9 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q2 2023 and 10 closed out, a net change of -1 holder.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q2 2023 was First Foundation Advisors, an estimated $15.8M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q2 2023 was Jane Street, an estimated $5.68M sold.

Based on aggregated 13F filings for Q2 2023.