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Invesco California AMT-Free Municipal Bond ETF
PWZ

70 hedge funds and large institutions have $246M invested in Invesco California AMT-Free Municipal Bond ETF in 2020 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 23 increasing their positions, 14 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

64% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 14

9% more funds holding

Funds holding: 64 → 70 (+6)

0% less capital invested

Capital invested by funds: $247M → $246M (-$1.05M)

1.81% less ownership

Funds ownership: 54.9% → 53.09% (-1.8%)

Holders
70
Holders Change
+6
Holders Change %
+9.38%
% of All Funds
1.24%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
23
Reduced
14
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
+$5M
2
Ameriprise
Ameriprise
Minnesota
+$2.82M
3
Morgan Stanley
Morgan Stanley
New York
+$1.85M
4
Bank of America
Bank of America
North Carolina
+$1.67M
5
BC
Brio Consultants
California
+$781K

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$7.73M
2
Jane Street
Jane Street
New York
-$4.03M
3
CSIA
Charles Schwab Investment Advisory
California
-$2.95M
4
JWCA
J.W. Cole Advisors
Florida
-$1.08M
5
FTUS
Flow Traders U.S.
New York
-$889K
Name Holding Trade Value Shares
Change 		Change in
Stake
MCM
51
Mattern Capital Management
Colorado
$210K – – –
MM
52
Main Management
California
$207K – – –
Citigroup
53
Citigroup
New York
$204K +$4.43K +160 +2%
NFG
54
NewFocus Financial Group
Washington
$203K – – –
AIP
55
Ameritas Investment Partners
Nebraska
$194K +$693 +25 +0.4%
CAPTRUST Financial Advisors
56
CAPTRUST Financial Advisors
North Carolina
$155K – – –
SAM
57
S.A. Mason
Michigan
$130K +$59.6K +2,150 +86%
US Bancorp
58
US Bancorp
Minnesota
$110K +$67.2K +2,425 +160%
PNC Financial Services Group
59
PNC Financial Services Group
Pennsylvania
$56K – – –
DWMG
60
DB Wealth Management Group
California
$39K +$38.5K +1,389 New
BC
61
Bartlett & Co
Ohio
$35K – – –
BCWM
62
Bartlett & Co Wealth Management
Ohio
$35K – – –
BWA
63
BDO Wealth Advisors
Florida
$35K – – –
GAM
64
Gemmer Asset Management
California
$25K +$24.5K +883 New
PA
65
Parallel Advisors
California
$16K – – –
KC
66
Knuff & Co
California
$8K – – –
TRCT
67
Tower Research Capital (TRC)
New York
$8K – – –
AWG
68
Altus Wealth Group
Colorado
$5K +$5.21K +188 New
AF
69
Allworth Financial
California
$4K – – –
Citadel Advisors
70
Citadel Advisors
Florida
– -$7.73M -279,829 Closed
JWCA
71
J.W. Cole Advisors
Florida
– -$1.08M -38,996 Closed
CCM
72
Coe Capital Management
Illinois
– -$635K -23,010 Closed
CCFM
73
Clear Creek Financial Management
Washington
– -$634K -22,972 Closed
1 2
3

PWZ Hedge Fund Activity: Q4 2020 in Review

70 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q4 2020, worth a combined $246M — down 0.42% from $247M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PWZ positions and 4 closed out — a net gain of 7 holders — while 23 added to existing stakes and 14 trimmed.

The largest buyer was Gerber Kawasaki Wealth & Investment Management, opening a new position worth an estimated $5M. The largest seller was Citadel Advisors, exiting entirely with an estimated $7.73M sold.

  • 70 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q4 2020, up from 64 in Q3 2020.
  • Funds reported $246M of Invesco California AMT-Free Municipal Bond ETF stock for Q4 2020, down 0.42% quarter-over-quarter.
  • 11 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q4 2020 and 4 closed out, a net change of +7 holders.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q4 2020 was Gerber Kawasaki Wealth & Investment Management, an estimated $5M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q4 2020 was Citadel Advisors, an estimated $7.73M sold.

Based on aggregated 13F filings for Q4 2020.