Invesco California AMT-Free Municipal Bond ETF
60 hedge funds and large institutions have $249M invested in Invesco California AMT-Free Municipal Bond ETF in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 1 closing their positions.
700% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 1
27% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 15
13% more funds holding
Funds holding: 53 → 60 (+7)
9.27% less ownership
Funds ownership: 67.2% → 57.93% (-9.3%)
22% less capital invested
Capital invested by funds: $318M → $249M (-$69.2M)
Top Buyers
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
US Bancorp
Minneapolis,
Minnesota
| $54K | – | – | – |
|
|
BWA
52
BDO Wealth Advisors
Jacksonville,
Florida
| $35K | -$3.63K | -135 | -10% |
|
|
RMC
53
Regis Management Company
Menlo Park,
California
| $27.2K | -$785K | -29,200 | -23% |
|
|
GI
54
Gradient Investments
Arden Hills,
Minnesota
| $27K | – | – | – |
|
|
PA
55
Parallel Advisors
San Francisco,
California
| $15K | – | – | – |
|
56
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $12K | +$12.1K | +451 | New |
|
|
KC
57
Knuff & Co
Foster City,
California
| $8K | – | – | – |
|
|
TRCT
58
Tower Research Capital (TRC)
New York
| $8K | – | – | – |
|
|
AF
59
Allworth Financial
Folsom,
California
| $4K | – | – | – |
|
|
EWM
60
Elmwood Wealth Management
Berkeley,
California
| – | -$2.39K | -93 | Closed |
|
PWZ Hedge Fund Activity: Q2 2020 in Review
60 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q2 2020, worth a combined $249M — down 22% from $318M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PWZ positions and 1 closed out — a net gain of 7 holders — while 19 added to existing stakes and 15 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $11.2M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $64.3M.
- 60 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q2 2020, up from 53 in Q1 2020.
- Funds reported $249M of Invesco California AMT-Free Municipal Bond ETF stock for Q2 2020, down 22% quarter-over-quarter.
- 8 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q2 2020 and 1 closed out, a net change of +7 holders.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q2 2020 was Citadel Advisors, an estimated $11.2M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q2 2020 was Charles Schwab Investment Advisory, an estimated $64.3M sold.
Based on aggregated 13F filings for Q2 2020.