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Invesco California AMT-Free Municipal Bond ETF
PWZ

96 hedge funds and large institutions have $370M invested in Invesco California AMT-Free Municipal Bond ETF in 2024 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 36 increasing their positions, 27 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 27

10% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 10

1% more funds holding

Funds holding: 95 → 96 (+1)

11.87% less ownership

Funds ownership: 67.89% → 56.01% (-12%)

37% less capital invested

Capital invested by funds: $587M → $370M (-$217M)

Holders
96
Holders Change
+1
Holders Change %
+1.05%
% of All Funds
1.38%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
36
Reduced
27
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$7.97M
2
ACA
Affinity Capital Advisors
California
+$5.59M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$5.33M
4
MMA
Miracle Mile Advisors
California
+$3.91M
5
Ameriprise
Ameriprise
Minnesota
+$3.62M

Top Sellers

1
Charles Schwab
Charles Schwab
California
-$243M
2
BWM
Boyd Wealth Management
California
-$4.87M
3
Mariner
Mariner
Kansas
-$2.89M
4
Morgan Stanley
Morgan Stanley
New York
-$2.45M
5
DAS
Dynamic Advisor Solutions
Arizona
-$1.64M
Name Holding Trade Value Shares
Change 		Change in
Stake
AAS
76
Ameritas Advisory Services
Nebraska
$206K +$205K +8,214 New
AWE
77
Avidian Wealth Enterprises
Texas
$203K – – –
FFA
78
Farther Finance Advisors
California
$203K – – –
AFG
79
Atomi Financial Group
New York
$202K +$201K +8,054 New
Comerica Bank
80
Comerica Bank
Texas
$160K -$7.49K -300 -4%
Jones Financial Companies
81
Jones Financial Companies
Missouri
$123K +$20.5K +823 +20%
MM
82
Main Management
California
$122K -$2.99K -120 -2%
AIP
83
Ameritas Investment Partners
Nebraska
$87.3K -$2.37K -95 -3%
BA
84
Bristlecone Advisors
Washington
$77.7K +$77.4K +3,100 New
EWP
85
Elevation Wealth Partners
California
$73.8K +$424 +17 +0.6%
LFG
86
Larson Financial Group
Missouri
$66.5K +$25K +1,000 +61%
US Bancorp
87
US Bancorp
Minnesota
$51.5K – – –
BCWM
88
Bartlett & Co Wealth Management
Ohio
$35.9K – – –
SAM
89
S.A. Mason
Michigan
$35.1K – – –
T
90
Tidemark
California
$21K – – –
VCM
91
Versant Capital Management
Arizona
$9.28K – – –
AAP
92
Arax Advisory Partners
Colorado
$8.5K – – –
TRCT
93
Tower Research Capital (TRC)
New York
$7.55K – – –
IA
94
IFP Advisors
Florida
$7.2K – – –
AssetMark Inc
95
AssetMark Inc
California
$176 – – –
SAM
96
Smartleaf Asset Management
Massachusetts
$25 – – –
BWM
97
Boyd Wealth Management
California
– -$4.87M -197,318 Closed
SFC
98
Strategic Financial Concepts
Texas
– -$2.94K -73,206 Closed
DAS
99
Dynamic Advisor Solutions
Arizona
– -$1.64M -66,297 Closed
Bank of New York Mellon
100
Bank of New York Mellon
New York
– -$1.12M -45,323 Closed
1 2 3
4
5

PWZ Hedge Fund Activity: Q3 2024 in Review

96 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q3 2024, worth a combined $370M — down 37% from $587M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PWZ positions and 10 closed out — a net gain of 1 holder — while 36 added to existing stakes and 27 trimmed.

The largest buyer was Bank of America, adding an estimated $7.97M. The largest seller was Charles Schwab, cutting an estimated $243M.

  • 96 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q3 2024, up from 95 in Q2 2024.
  • Funds reported $370M of Invesco California AMT-Free Municipal Bond ETF stock for Q3 2024, down 37% quarter-over-quarter.
  • 11 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q3 2024 and 10 closed out, a net change of +1 holder.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q3 2024 was Bank of America, an estimated $7.97M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q3 2024 was Charles Schwab, an estimated $243M sold.

Based on aggregated 13F filings for Q3 2024.