Invesco California AMT-Free Municipal Bond ETF
89 hedge funds and large institutions have $628M invested in Invesco California AMT-Free Municipal Bond ETF in 2023 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 27 increasing their positions, 26 reducing their positions, and 7 closing their positions.
200% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 7
20% more capital invested
Capital invested by funds: $525M → $628M (+$103M)
17% more funds holding
Funds holding: 76 → 89 (+13)
5.51% more ownership
Funds ownership: 73.15% → 78.66% (+5.5%)
4% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 26
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $25K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$81.2M |
| 2 |
EWA
EP Wealth Advisors
Torrance,
California
|
+$19M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$10.7M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$10.7M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$9.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
-$92M |
| 2 |
BWM
Boyd Wealth Management
Sacramento,
California
|
-$5.4M |
| 3 |
JP Morgan Chase
New York
|
-$3.73M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.81M |
| 5 |
SW
SteelPeak Wealth
Woodland Hills,
California
|
-$1.46M |
PWZ Hedge Fund Activity: Q4 2023 in Review
89 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q4 2023, worth a combined $628M — up 20% from $525M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new PWZ positions and 7 closed out — a net gain of 14 holders — while 27 added to existing stakes and 26 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $81.2M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $92M.
- 89 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q4 2023, up from 76 in Q3 2023.
- Funds reported $628M of Invesco California AMT-Free Municipal Bond ETF stock for Q4 2023, up 20% quarter-over-quarter.
- 21 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q4 2023 and 7 closed out, a net change of +14 holders.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q4 2023 was Jane Street, an estimated $81.2M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q4 2023 was Charles Schwab Investment Advisory, an estimated $92M sold.
Based on aggregated 13F filings for Q4 2023.