Invesco California AMT-Free Municipal Bond ETF
54 hedge funds and large institutions have $204M invested in Invesco California AMT-Free Municipal Bond ETF in 2019 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 8 reducing their positions, and 7 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 8
1% less capital invested
Capital invested by funds: $207M → $204M (-$2.9M)
2.8% less ownership
Funds ownership: 59.28% → 56.48% (-2.8%)
4% less funds holding
Funds holding: 56 → 54 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| 1 |
Morgan Stanley
New York
|
+$1.04M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$771K |
| 3 |
Jane Street
New York
|
+$354K |
| 4 |
BC
Brio Consultants
San Francisco,
California
|
+$330K |
| 5 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$324K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KC
51
Knuff & Co
Foster City,
California
| $8K | – | – | – |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| $8K | – | – | – |
|
|
AF
53
Allworth Financial
Folsom,
California
| $4K | – | – | – |
|
54
BlackRock
New York
| $2K | – | – | – |
|
|
WP
55
WealthSource Partners
San Luis Obispo,
California
| – | -$1.24M | -45,153 | Closed |
|
56
HighTower Advisors
Chicago,
Illinois
| – | -$1.16M | -42,275 | Closed |
|
|
AA
57
Apriem Advisors
Irvine,
California
| – | -$629K | -22,984 | Closed |
|
58
Citadel Advisors
Miami,
Florida
| – | -$599K | -21,909 | Closed |
|
|
ACA
59
Atlas Capital Advisors
Jackson,
Wyoming
| – | -$417K | -15,251 | Closed |
|
|
FFG
60
Ford Financial Group
Fresno,
California
| – | -$220K | -8,067 | Closed |
|
|
NFG
61
NewFocus Financial Group
Vancouver,
Washington
| – | -$206K | -7,538 | Closed |
|
PWZ Hedge Fund Activity: Q4 2019 in Review
54 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q4 2019, worth a combined $204M — down 1.4% from $207M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PWZ and 5 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 20 added.
The largest buyer was Morgan Stanley, adding an estimated $1.04M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $5.18M.
- 54 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q4 2019, down from 56 in Q3 2019.
- Funds reported $204M of Invesco California AMT-Free Municipal Bond ETF stock for Q4 2019, down 1.4% quarter-over-quarter.
- 5 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q4 2019 and 7 closed out, a net change of -2 holders.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q4 2019 was Morgan Stanley, an estimated $1.04M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q4 2019 was Charles Schwab Investment Advisory, an estimated $5.18M sold.
Based on aggregated 13F filings for Q4 2019.