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Invesco California AMT-Free Municipal Bond ETF
PWZ

89 hedge funds and large institutions have $628M invested in Invesco California AMT-Free Municipal Bond ETF in 2023 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 27 increasing their positions, 26 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 7

20% more capital invested

Capital invested by funds: $525M → $628M (+$103M)

17% more funds holding

Funds holding: 76 → 89 (+13)

5.51% more ownership

Funds ownership: 73.15% → 78.66% (+5.5%)

4% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 26

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $25K

Holders
89
Holders Change
+13
Holders Change %
+17.11%
% of All Funds
1.3%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
21
Increased
27
Reduced
26
Closed
7
Calls
–
Puts
$25K
Net Calls
-$25K
Net Calls Change
-$25K

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$81.2M
2
EWA
EP Wealth Advisors
California
+$19M
3
Bank of America
Bank of America
North Carolina
+$10.7M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$10.7M
5
Wells Fargo
Wells Fargo
California
+$9.15M

Top Sellers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
-$92M
2
BWM
Boyd Wealth Management
California
-$5.4M
3
JP Morgan Chase
JP Morgan Chase
New York
-$3.73M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$1.81M
5
SW
SteelPeak Wealth
California
-$1.46M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
26
UBS Group
Switzerland
$2.05M +$95.8K +4,024 +5%
PFA
27
Pure Financial Advisors
California
$1.93M -$1.39M -58,245 -43%
Osaic Holdings
28
Osaic Holdings
Arizona
$1.79M -$961K -40,333 -36%
MWM
29
McNaughton Wealth Management
California
$1.72M +$257K +10,774 +19%
PFS
30
Prospera Financial Services
Texas
$1.7M -$59.3K -2,489 -4%
JSW
31
Journey Strategic Wealth
New Jersey
$1.68M +$1.6M +67,296 New
KeyBank National Association
32
KeyBank National Association
Ohio
$1.58M +$4.95K +208 +0.3%
SI
33
SimpliFi Inc
California
$1.53M – – –
LPAM
34
Lodestar Private Asset Management
California
$1.52M +$309K +12,993 +27%
Susquehanna International Group
35
Susquehanna International Group
Pennsylvania
$1.5M +$1.43M +60,161 New
DAS
36
Dynamic Advisor Solutions
Arizona
$1.5M +$1.18M +49,703 +483%
DI
37
DFPG Investments
Utah
$1.46M +$1.39M +58,520 New
WN
38
Williams & Novak
California
$1.19M +$1.14M +47,800 New
Bank of New York Mellon
39
Bank of New York Mellon
New York
$1.03M -$418K -17,535 -30%
Wealthfront Advisers
40
Wealthfront Advisers
California
$874K +$834K +34,999 New
OFG
41
Omega Financial Group
California
$860K -$113K -4,750 -12%
Cerity Partners
42
Cerity Partners
New York
$752K +$717K +30,112 New
NW
43
NewEdge Wealth
Pennsylvania
$719K – – –
APP
44
Avantax Planning Partners
Iowa
$668K +$344K +14,456 +118%
DCM
45
Dimension Capital Management
Florida
$655K – – –
Fisher Asset Management
46
Fisher Asset Management
Washington
$649K – – –
WSWA
47
Warren Street Wealth Advisors
California
$596K -$61.4K -2,578 -10%
MCM
48
Mattern Capital Management
Colorado
$568K -$30.6K -1,286 -5%
HighTower Advisors
49
HighTower Advisors
Illinois
$558K -$183K -7,675 -26%
Cambridge Investment Research Advisors
50
Cambridge Investment Research Advisors
Iowa
$523K -$32.7K -1,372 -6%
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PWZ Hedge Fund Activity: Q4 2023 in Review

89 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q4 2023, worth a combined $628M — up 20% from $525M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new PWZ positions and 7 closed out — a net gain of 14 holders — while 27 added to existing stakes and 26 trimmed.

The largest buyer was Jane Street, opening a new position worth an estimated $81.2M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $92M.

  • 89 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q4 2023, up from 76 in Q3 2023.
  • Funds reported $628M of Invesco California AMT-Free Municipal Bond ETF stock for Q4 2023, up 20% quarter-over-quarter.
  • 21 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q4 2023 and 7 closed out, a net change of +14 holders.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q4 2023 was Jane Street, an estimated $81.2M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q4 2023 was Charles Schwab Investment Advisory, an estimated $92M sold.

Based on aggregated 13F filings for Q4 2023.