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Invesco California AMT-Free Municipal Bond ETF
PWZ

76 hedge funds and large institutions have $525M invested in Invesco California AMT-Free Municipal Bond ETF in 2023 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 17 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 6

94% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 17

37% more capital invested

Capital invested by funds: $383M → $525M (+$142M)

12% more funds holding

Funds holding: 68 → 76 (+8)

11.6% more ownership

Funds ownership: 61.55% → 73.15% (+12%)

0% more call options, than puts

Call options by funds: $2K | Put options by funds: $2K

Holders
76
Holders Change
+8
Holders Change %
+11.76%
% of All Funds
1.21%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
14
Increased
33
Reduced
17
Closed
6
Calls
$2K
Puts
$2K
Net Calls
–
Net Calls Change
–

Top Buyers

1
CSIA
Charles Schwab Investment Advisory
California
+$113M
2
MMA
Miracle Mile Advisors
California
+$16.8M
3
JP Morgan Chase
JP Morgan Chase
New York
+$13.1M
4
FFA
First Foundation Advisors
California
+$12.7M
5
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
+$4.85M

Top Sellers

1
Wells Fargo
Wells Fargo
California
-$5.19M
2
Jane Street
Jane Street
New York
-$3.07M
3
BCI
Brinker Capital Investments
Pennsylvania
-$2.23M
4
OPS
Orion Portfolio Solutions
Nebraska
-$2.23M
5
FTUS
Flow Traders U.S.
New York
-$2.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAN
51
Cetera Advisor Networks
California
$331K +$18.7K +771 +6%
Royal Bank of Canada
52
Royal Bank of Canada
Ontario, Canada
$311K -$36.9K -1,520 -10%
APP
53
Avantax Planning Partners
Iowa
$288K – – –
Commonwealth Equity Services
54
Commonwealth Equity Services
Massachusetts
$284K +$413 +17 +0.1%
Stifel Financial
55
Stifel Financial
Missouri
$280K +$290K +11,939 New
WJWM
56
Williams Jones Wealth Management
New York
$248K +$257K +10,586 New
DAS
57
Dynamic Advisor Solutions
Arizona
$242K +$250K +10,295 New
BRWA
58
B. Riley Wealth Advisors
Florida
$226K +$778 +32 +0.3%
LWP
59
Laurel Wealth Planning
Minnesota
$210K – – –
BC
60
Brio Consultants
California
$210K -$69.5K -2,859 -24%
PIA
61
Perennial Investment Advisors
California
$207K -$47.4K -1,950 -18%
CWS
62
Cypress Wealth Services
California
$203K +$1.53K +63 +0.7%
US Bancorp
63
US Bancorp
Minnesota
$171K – – –
MM
64
Main Management
California
$141K -$25.3K -1,041 -15%
Comerica Bank
65
Comerica Bank
Texas
$134K +$139K +5,714 New
ME
66
McIlrath & Eck
Washington
$128K +$133K +5,454 New
AIP
67
Ameritas Investment Partners
Nebraska
$109K -$151K -6,208 -57%
EWP
68
Elevation Wealth Partners
California
$68.7K – – –
PNC Financial Services Group
69
PNC Financial Services Group
Pennsylvania
$46.9K -$182K -7,470 -79%
BC
70
Bartlett & Co
Ohio
$34K – – –
BCWM
71
Bartlett & Co Wealth Management
Ohio
$33.6K – – –
SAM
72
S.A. Mason
Michigan
$32.9K – – –
Citigroup
73
Citigroup
New York
$23.5K – – –
HGERS
74
Householder Group Estate & Retirement Specialist
Arizona
$15.6K +$16.2K +665 New
TRCT
75
Tower Research Capital (TRC)
New York
$7.06K – – –
1 2
3
4

PWZ Hedge Fund Activity: Q3 2023 in Review

76 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q3 2023, worth a combined $525M — up 37% from $383M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new PWZ positions and 6 closed out — a net gain of 8 holders — while 33 added to existing stakes and 17 trimmed.

The largest buyer was Charles Schwab Investment Advisory, adding an estimated $113M. The largest seller was Wells Fargo, cutting an estimated $5.19M.

  • 76 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q3 2023, up from 68 in Q2 2023.
  • Funds reported $525M of Invesco California AMT-Free Municipal Bond ETF stock for Q3 2023, up 37% quarter-over-quarter.
  • 14 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q3 2023 and 6 closed out, a net change of +8 holders.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q3 2023 was Charles Schwab Investment Advisory, an estimated $113M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q3 2023 was Wells Fargo, an estimated $5.19M sold.

Based on aggregated 13F filings for Q3 2023.