Invesco California AMT-Free Municipal Bond ETF
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FFA
First Foundation Advisors
Irvine,
California
|
+$15.8M |
| 2 |
GKWIM
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
|
+$6.83M |
| 3 |
BWM
Boyd Wealth Management
Sacramento,
California
|
+$5.46M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$2.14M |
| 5 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$1.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$5.68M |
| 2 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
-$1.38M |
| 3 |
WSWA
Warren Street Wealth Advisors
Newport Beach,
California
|
-$707K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$694K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$442K |
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.