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Invesco California AMT-Free Municipal Bond ETF
PWZ

68 hedge funds and large institutions have $383M invested in Invesco California AMT-Free Municipal Bond ETF in 2023 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 26 increasing their positions, 19 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 19

10% more capital invested

Capital invested by funds: $348M → $383M (+$34.7M)

0% more ownership

Funds ownership: 61.55% → 61.55% (+0%)

1% less funds holding

Funds holding: 69 → 68 (-1)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

Holders
68
Holders Change
-1
Holders Change %
-1.45%
% of All Funds
1.07%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
26
Reduced
19
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FFA
First Foundation Advisors
California
+$15.8M
2
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
+$6.83M
3
BWM
Boyd Wealth Management
California
+$5.46M
4
FTUS
Flow Traders U.S.
New York
+$2.14M
5
BCI
Brinker Capital Investments
Pennsylvania
+$1.95M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$5.68M
2
CSIA
Charles Schwab Investment Advisory
California
-$1.38M
3
WSWA
Warren Street Wealth Advisors
California
-$707K
4
UBS Group
UBS Group
Switzerland
-$694K
5
Wells Fargo
Wells Fargo
California
-$442K
Name Holding Trade Value Shares
Change 		Change in
Stake
Creative Planning
51
Creative Planning
Kansas
$259K – – –
BRWA
52
B. Riley Wealth Advisors
Florida
$237K -$121K -4,926 -34%
PNC Financial Services Group
53
PNC Financial Services Group
Pennsylvania
$233K +$184K +7,470 +374%
LWP
54
Laurel Wealth Planning
Minnesota
$220K +$220K +8,948 New
WAP
55
Wealthcare Advisory Partners
Pennsylvania
$219K +$219K +8,873 New
CWS
56
Cypress Wealth Services
California
$212K +$1.5K +61 +0.7%
M
57
MYeCFO
California
$207K – – –
US Bancorp
58
US Bancorp
Minnesota
$180K – – –
MM
59
Main Management
California
$173K -$8.92K -362 -5%
BBHC
60
Brown Brothers Harriman & Co
New York
$83.8K – – –
EWP
61
Elevation Wealth Partners
California
$72.1K +$72.1K +2,927 New
JP Morgan Chase
62
JP Morgan Chase
New York
$65.5K +$65.5K +2,658 New
BCWM
63
Bartlett & Co Wealth Management
Ohio
$35.2K – – –
Northwestern Mutual Wealth Management
64
Northwestern Mutual Wealth Management
Wisconsin
$35.1K +$35.1K +1,423 New
BC
65
Bartlett & Co
Ohio
$35K – – –
SAM
66
S.A. Mason
Michigan
$34.7K – – –
Citigroup
67
Citigroup
New York
$24.6K – – –
TRCT
68
Tower Research Capital (TRC)
New York
$7.42K – – –
WSWA
69
Warren Street Wealth Advisors
California
– -$707K -28,537 Closed
JBA
70
Johnson Bixby & Associates
Washington
– -$383K -15,473 Closed
Cetera Investment Advisers
71
Cetera Investment Advisers
Illinois
– -$334K -13,503 Closed
Wealthfront Advisers
72
Wealthfront Advisers
California
– -$242K -9,769 Closed
AA
73
Apriem Advisors
California
– -$232K -9,350 Closed
GCA
74
Gradient Capital Advisors
California
– -$203K -8,205 Closed
AAS
75
Ameritas Advisory Services
Nebraska
– -$180K -7,270 Closed
1 2
3
4

PWZ Hedge Fund Activity: Q2 2023 in Review

68 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q2 2023, worth a combined $383M — up 10% from $348M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of PWZ and 9 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 26 added.

The largest buyer was First Foundation Advisors, adding an estimated $15.8M. The largest seller was Jane Street, cutting an estimated $5.68M.

  • 68 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q2 2023, down from 69 in Q1 2023.
  • Funds reported $383M of Invesco California AMT-Free Municipal Bond ETF stock for Q2 2023, up 10% quarter-over-quarter.
  • 9 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q2 2023 and 10 closed out, a net change of -1 holder.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q2 2023 was First Foundation Advisors, an estimated $15.8M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q2 2023 was Jane Street, an estimated $5.68M sold.

Based on aggregated 13F filings for Q2 2023.