Invesco California AMT-Free Municipal Bond ETF
53 hedge funds and large institutions have $318M invested in Invesco California AMT-Free Municipal Bond ETF in 2020 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 11 reducing their positions, and 5 closing their positions.
91% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 11
56% more capital invested
Capital invested by funds: $204M → $318M (+$114M)
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
10.72% more ownership
Funds ownership: 56.48% → 67.2% (+11%)
2% less funds holding
Funds holding: 54 → 53 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$75.3M |
| 2 |
Jane Street
New York
|
+$41.5M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$2.15M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$1.29M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$608K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$1.15M |
| 2 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$672K |
| 3 |
PWM
Paulson Wealth Management
Wheaton,
Illinois
|
-$298K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$237K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$213K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
51
Allworth Financial
Folsom,
California
| $4K | – | – | – |
|
|
EWM
52
Elmwood Wealth Management
Berkeley,
California
| $2.39K | +$2.55K | +93 | New |
|
|
DADC
53
D.A. Davidson & Co
Great Falls,
Montana
| – | -$1.15M | -42,132 | Closed |
|
|
PWM
54
Paulson Wealth Management
Wheaton,
Illinois
| – | -$298K | -10,815 | Closed |
|
|
55
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$213K | -7,774 | Closed |
|
|
HAS
56
HBW Advisory Services
Simi Valley,
California
| – | -$209K | -7,589 | Closed |
|
|
SPIA
57
Steward Partners Investment Advisory
New York
| – | -$106K | -3,891 | Closed |
|
58
BlackRock
New York
| – | -$1.76K | -64 | -82% |
|
PWZ Hedge Fund Activity: Q1 2020 in Review
53 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q1 2020, worth a combined $318M — up 56% from $204M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PWZ positions and 5 closed out — a net gain of 1 holder — while 21 added to existing stakes and 11 trimmed.
The largest buyer was Charles Schwab Investment Advisory, adding an estimated $75.3M. The largest seller was D.A. Davidson & Co, exiting entirely with an estimated $1.15M sold.
- 53 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q1 2020, down from 54 in Q4 2019.
- Funds reported $318M of Invesco California AMT-Free Municipal Bond ETF stock for Q1 2020, up 56% quarter-over-quarter.
- 6 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q1 2020 and 5 closed out, a net change of +1 holder.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q1 2020 was Charles Schwab Investment Advisory, an estimated $75.3M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q1 2020 was D.A. Davidson & Co, an estimated $1.15M sold.
Based on aggregated 13F filings for Q1 2020.